BP would have to be viewed as short-term speculation right now. For one, it’s not certain the leaking oil has actually been stopped. It’s just been stopped from the top of the well. If the well is ruptured in other places, more leaks will emerge. This could be just the end of the beginning (rather than the end of the end). The larger question, in our mind, is how long it might take be BP to be litigated out of existence.
July 16th, 2010 | Dan Denning | 46 comments | ContinuedAll Posts Tagged With: "bp"
Going to Tokyo
Readers with even a faint recollection of recent financial history will remember that this is what Alan Greenspan did when he was still the smartest man in the world. He kept extending the period of emergency low rates after the mini-recession of ’01. The Fed kept lending money at less than the rate of inflation – for 4 years, as we recall.
June 28th, 2010 | Bill Bonner | 4 comments | Continued
The Zombies and the Oil Man
Now that we’ve figured out how history works, we’re begging to see the forces of history at work all around us – an eternal fight between the zombies and the producers. We’re surrounded by zombies. They are all around us. Tort lawyers. Bureaucrats. Politicians. Welfare slaves. Chiselers. Layabouts. Whiners.
June 22nd, 2010 | Bill Bonner | 2 comments | Continued
Producers and Parasites
We just had the biggest financial crack-up of all time. Even under ideal conditions, it will take people a long time to rebuild lost savings…to get rid of houses they can’t afford…and to restructure debt they can’t pay. While this restructuring and adjustment is going on, you’d expect the markets to be a little punky.
June 21st, 2010 | Bill Bonner | 4 comments | Continued
Crisis Investing
But what happens when bad things occur abruptly? Natural disasters like earthquakes, hurricanes and volcanoes come to mind. Or in the current case, we have a man-made disaster – a deep-water oil well blowout. People aren’t prepared for really bad things – mentally or physically, if not technologically – and nobody can deal with the consequences.
June 11th, 2010 | Byron King | 7 comments | Continued
Legal Advice for BP
There are billions in lawsuits coming up…and the attorneys around the Gulf are slicker than an oil spill. The English don’t realize what they’re up against…an Alabama lawyer in a seersucker suit…talking to an Alabama jury…about how a British billion-dollar company destroyed their lives and livelihood.
June 7th, 2010 | Bill Bonner | 6 comments | Continued
Best Investment Opportunities Emerge from Water, Agriculture, Gold and Energy
And some of those opportunities will feature a combination of these resource categories. One of the most intriguing combinations is what I call the energy-water nexus.
November 17th, 2009 | Chris Mayer | 0 comments | Continued
BHP Billiton: The Oil Company That is Not an Oil Company
Is BHP Billiton (ASX: BHP) a serious oil player? Or, let’s put it this way. Does the fact that oil touched US$127 in futures trading contribute to BHP Billiton’s earnings and its war chest for its pursuit of Rio Tinto (ASX: RIO)? BHP thinks the answer is yes. BHP Billitons’s oil projects showed up in a research report we reviewed yesterday. The report tried to answer the question of where future global oil production would come from. There is a 32 million barrel per day gap between what the world…
May 14th, 2008 | Dan Denning | 0 comments | Continued
