Gulf Oil Spill (Bloomberg Video): Obama, Economic Ramifactions

Jun 9th, 2010 | By Rob | Category: DS Feature, DS Video, Uncategorized

Consider this the first and last time we plan on bringing up the Oil spill disaster in the Gulf of Mexico. We don’t agree that 2018 futures should be trading at a $20 premium to near term WTI spots, and we think the trend of Crude Oil will ultimately continue lower, so we haven’t given this story much attention. That said, the ramifications on unemployment and the general economy of the U.S. Gulf Coast are becoming tangible and necessary for all to understand. Take 3 1/2 minutes of your day and listen to those affected by the disaster in their “own words”, in this Bloomberg Video Report:

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2 Comments to “Gulf Oil Spill (Bloomberg Video): Obama, Economic Ramifactions”

  1. It just boggles the mind how long it took to finally make even the smallest amount of headway, BP left a lot to be desired in the whole affair. What I find hard to believe is that a multinational cooperation like BP, with over a 100 years experience in the business, couldn’t do more. The only good thing from this whole experience is that it shows we give companies like them too much credit. This whole situation is really sad. The saddest part of the whole situation is that many people have lost their livelihood. BP will go on, this won’t slow them down that much. But what about the small local businesses? They won’t see much of the money BP has to pay.

  2. oil spills should be controlled as soon as possible to prevent environmental damage’,;

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