Anderson Cooper has been on top of this disaster for weeks, and he does a good job covering the story. Here he interviews an expert in the area of flow rates. The bottom line from the expert is that we have been lied to from day one.
Analysts at Bank of America/Merrill Lynch are out with a new, thorough report on BP and the effect of the Deepwater Horizon disaster. There's a lot in this that we'll keep mining through, but we thought we'd present what the firm sees...
"What BP drilled into was what we call a 'migration channel,' a deep fault on which hydrocarbons generated in the depth of our planet migrate to the crust and are accumulated in rocks, something like Ghawar in Saudi Arabia."
Obama administration's efforts to pull the US out of recession haven't succeeded, according to Taleb. "It's not that they make mistakes, it's that they almost get nothing right." Moreover, a second major stimulus package may be futile...
Very Worried About 2011 - Jim Rogers sees currency turmoil, a global economic slowdown, worse / 10 Benefits of Expatriation - What are we waiting for? / Laughably Underpriced - The Mogambo Guru on silver / Saved by His Gun
Roubini: The Volcker Rule goes in the right direction, but in my view, the model of the financial supermarket where within one institution you have commercial banking, investment banking, underwriting of securities, market-making and dealing, proprie
Put away all of your charts: here’s the new symbol for the economic downturn that’s set to begin. After the weakness of the economy and the coming TaxAgeddon on January 1, 2011, is it much of a surprise?
The US is headed down. You'll see home starts, permits, sales plummet in the next few months, that's going to add more supply to the housing market, that's going to put bank assets under duress, that's going to put their capital under duress...
19,600,000,000,000.
That is a terrifying number.
That is the new debt that we could be hitting as of 2015.
Where are the people who were screaming at Bush II for a debt of 500 billion by the end of 8 years?
Excuse me – this deficit was 10
The recording from last week shows a high resolution camera -- not the fuzzy image we're used to -- that BP previously refused to release. Based on the video, scientists are quickly revising leak estimates.
We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt...
If BP has discovered the mother of all fields with pressures so enormous, they can’t be controlled with modern technology, a possibility which some geologists admit, then more huge leaks will spring and the nuclear option will be the only one left.
Well that was obvious. But it's shocking that he admits it. Fed chairman Ben Bernanke has warned about a tough recovery ahead, in an interview with CNN.
Tax hikes expected to hit after the expiration of the Bush tax cuts will cause today's corporate profits to tumble next year — probably right after a stock market collapse, says economist Arthur Laffer, chairman of Laffer Associates and inventor of
From a purely simplistic technical perspective IG credit’s death cross is forecasting more difficult days ahead in the credit markets and that is certain to coincide with more difficulty in the equity markets. Investors would be wise to take note.
The Dow dropped another 115 points yesterday. Gold moved up to near an all-time high. This past weekend, we worked on a barn roof…just like we did 30 years ago. But come Monday morning we didn’t feel 30 years old. Our legs still ached from the weeken
Leifer said that based on satellite data he's examined, the rate of flow from the well has been increasing over time, especially since BP's "top kill" effort failed last month to stanch the flow. administration predicted.
In fact, withholding taxes during May declined sharply, confirming what you are feeling down in your gut -- people just can't find work and less taxes, in total, are being forked over to local and federal authorities.
Right now, everyone is focused on unemployment as the lead indicator of the U.S. economic demise. But the real concern isn't unemployment, it is the other benefit schemes blowing up as a result of more people needing government assistance.
Speaking Truth, Loving Freedom, Murray Rothbard has triumphed, says Lew Rockwell. / Collapse of the Dollarzone, Peter Schiff on the phantom recovery, and worse. / Governments Hate Gold, We should love it. Article by Ron Paul.
That rally, of course, was also the biggest sucker's rally in history. After the market peaked in April 1930, it crashed again, eventually ending up down 89% from the 1929 high and more than 80% from the 1930 high.
"The fact that people are sitting down indicates just how bad the market is for some categories of people," says Peter Morici, professor at the University of Maryland's Smith School of Business...
If you do that, you'll find that the economy has recovered to the point where the the year-over-year growth rate since early 2009 now matches the worst performance of any of 50 years preceding the recent downturn.
The euro is likely to bottom out against the U.S. dollar within two weeks, based on strong near-term technical indicators, longtime market analyst Robert Prechter said.
Must See Video: Matthew Simmons, author of Twilight in the Desert says we basically have two options: Let the well run dry (taking 30 years, and probably ruining the Atlantic ocean) or nuking the well.
Watch Streaming Broadcast Live:
LRN.fm
DLive
Live Chat Telegram
Share this page with your friends
on your favorite social network: