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Great Problems and Great Fortunes
“Peak oil, my a**. I’ve got hundreds of millions of barrels of the stuff in the Gulf [of Mexico]. We know where the oil is…we just can’t get to it. I can’t even get a contractor that can do the work to take my call.”
That’s what an oil company executive told me (with a Texas drawl and an arm around my shoulder for balance) a little over three years ago.
At the time oil was $60. There was no telling how high it could go. The aged scotch was flowing in celebration of good times – and even better times to…
10Feb2009 | Q1 Publishing | 0 comments | ContinuedGlobal Investing Roundups
A Better Beige Book; Japan’s Daiichi Swipes Generic Drug Titan; Big Lots “Highly Motivated†to Expand; Corn Hits Another Record; Caterpillar Raises Dividend 17%; Russian Partners to Sue BP; Martha Loses CEO; Office Supply Merger;
The U.S. Federal Reserve released its Beige Book yesterday (Wednesday), a look at the economic conditions in the central bank’s 12 regions. Overall economic activity was slower in April and May. “Three Districts described economic activity as softer, weaker, or lower, with an additional four Districts reporting slower, sluggish, or modest economic growth. The remaining five Districts of Philadelphia, Cleveland, Atlanta, St. Louis, and San…
12Jun2008 | Money Morning | Comments Off | Continued
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