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  • Two residents of Mayflower in Arkansas have sued Exxon Mobil (XOM) for over $5M for the pipeline rupture that caused thousands of barrels of oil to spill out and damage their properties. With the Arkansas AG's office investigating the spill, the resident's lawsuit could be followed by more. [View news story]
    Its not a question of will there be a pipeline spill. Its a question of when and where.
    Apr 7 09:17 AM | Likes Like |Link to Comment
  • Eurozone composite PMI drops to 46.5 (flash 46.5) in March from 47.9 in February; services 46.4 (flash 46.5) vs 47.9. "The recession is deepening once again as businesses report that they have become increasingly worried about the region's debt crisis and political instability," says Markit. With German growth almost stalled, "the only source of bright light...has once again begun to fade." (PR[View news story]
    Ya just gotta love austerity.....
    Apr 4 08:20 AM | Likes Like |Link to Comment
  • Wal-Mart (WMT +0.6%) customers barrage Bloomberg News with anecdotal complaints about empty shelves and long lines after a disparaging report on the retailer was issued last week. Though the allegedly-understaffed company dismisses the development as the rumblings of a "handful of people," analysts agree the company's workforce is spread dangerously thin. [View news story]
    ....been a problem at my local Walmart for about a year now.
    Apr 2 03:34 PM | Likes Like |Link to Comment
  • Car registration in France fell 16.4% in March to extend a long losing streak in the nation for the auto industry. Sales at Peugeot (PEUGF.PK) were off 23.6% on its home turf while Renault (RNSDF.PK) saw a sales drop of 8.3% compared to a year ago. [View news story]
    can anyone spell austerity.
    Apr 2 07:44 AM | Likes Like |Link to Comment
  • Canadian messengers are promoting the Keystone pipeline as in the U.S. national interest and an essential part of moving toward energy independence, but the argument is undercut if most of the oil flowing through the line would end up being exported, as seems likely. Adding to the controversy is Pres. Obama's reported remarks that the number of jobs supporters claim the pipeline will generate is exaggerated[View news story]
    Despite the fact that I think the proponents positive impact claims are exaggerated, I say by pass the aquifer and build it. While I was in the Oil state of Texas I noticed a sign that read "entering the Edwards aquifer recharge zone"; and you know what? There aren't any gas stations in that zone! No housing with septic systems all city sewer! By pass the aquifer and build it.
    Mar 15 08:39 AM | Likes Like |Link to Comment
  • Canadian messengers are promoting the Keystone pipeline as in the U.S. national interest and an essential part of moving toward energy independence, but the argument is undercut if most of the oil flowing through the line would end up being exported, as seems likely. Adding to the controversy is Pres. Obama's reported remarks that the number of jobs supporters claim the pipeline will generate is exaggerated[View news story]
    The truth probably lies some where between the claims of both sides. But, I would bet a dollar to a hole in a doughnut that actual benefits and jobs created by the pipeline are considerably less than what is claimed by those in favor the pipeline. Seems like I read an article a few months back that Texans along the route of the southern half of the pipeline are not very happy with the pipeline people. AS I remember there were very few jobs for the locals.
    Mar 14 07:48 PM | 1 Like Like |Link to Comment
  • Those scratching their head over the euro's (FXE) January run higher need scratch no more. The common currency is off again today, now reversing all and plenty more of January's rally. Today's data - to no one's surprise - showed continuing contraction in nearly every member of the EU. The euro -0.5% to $1.2996. [View news story]
    can anyone spell austerity?
    Mar 1 08:21 AM | Likes Like |Link to Comment
  • Amid the campaign by Canadian officials to boost U.S. support for the Keystone pipeline (TRP), Gary Doer, Canada’s ambassador to Washington poses this question for the U.S.: “Do you want your oil from Hugo Chavez or do you want it from Canada?” [View news story]
    Bakermre.....actually I think that cock and bull story is half baked!
    Feb 26 11:54 PM | Likes Like |Link to Comment
  • Amid the campaign by Canadian officials to boost U.S. support for the Keystone pipeline (TRP), Gary Doer, Canada’s ambassador to Washington poses this question for the U.S.: “Do you want your oil from Hugo Chavez or do you want it from Canada?” [View news story]
    yeah there is a reason for piping it. They're gonna pipe it all the way to the gulf load it a tanker and sell it to the highest bidder. Their fellow Canadians to the west don't want it either! Go around the Aquifer and then build the damn thing!
    Feb 26 11:48 PM | Likes Like |Link to Comment
  • The euro loses its Ifo-induced bounce after the European Commission cuts its 2013 eurozone growth forecasts and is now -0.1% vs the dollar. The EC also predicts that the recession will cause Spain, France and Portugal to miss their deficit targets, with Spain's shortfall to widen to 6.7% from 6.3% in 2012 rather than drop to the country's goal of 4.5%. (Map of country forecasts[View news story]
    Ah yes nothing like austerity to make the ole economy sing. For those of you that think taking the Republican knife to everything including taxes on the wealthy need to take a good look at europe and decide if this is really what you want.
    Feb 22 06:50 AM | 1 Like Like |Link to Comment
  • The XLP, XRT, and XLY all give up gains and turn lower following Wal-Mart sounding the warning over the effects of the payroll tax hike. It's fascinating that it took markets until just now to react to what was crystal clear 6 weeks ago. [View news story]
    What amazes me is the "nail on the head "certainty that this the payroll tax reinstatement is the cause. Gas is up 10% in my part of the country and probably is taking a bigger chunk out of the average budget than the payroll tax! Maybe Walmarts sales are down becasue they laid of half of their cashiers after Christmas and no one wants to stand in line for 10 minutes waiting to pay! Are other retailers sales down or just Walmarts?
    Feb 15 02:50 PM | Likes Like |Link to Comment
  • General Motors (GM) will join Volkswagen, Audi, Mercedes-Benz, and BMW in fighting over the 3% of the U.S. auto market that buys diesel automobiles. A new diesel-version Chevrolet Cruze will debut at the Chicago Auto Show today with the automaker aiming to disrupt the unflattering consumer image of diesels. [View news story]
    Where is the economics. Diesel is 10 to 20% higher per gallon in my area.
    Feb 7 08:40 AM | Likes Like |Link to Comment
  • China’s coal use grew 9% in 2011, rising to 3.8B tons, meaning the country is burning nearly as much coal as the rest of the world combined. China relies on coal to fuel nearly 80% of its power plants, vs. ~40% (and falling) in the U.S. And by 2017, India likely will become the world’s second-largest coal consumer, surpassing the U.S. The issue of climate change isn't going away any time soon. [View news story]
    dacama1 you r full of crappola....... Climate is changing, period. I Do truthfully believe that man and his love of fossil fuels is adding to the change. Is man and fossil fuels the only factor in climate change? That I am not for sure about. It's kinda like a man I knew back in the 60s and 70s. He said; Ah, we can't ever pollute the Oceans. They are just to big. WRONG. Mans part in climate change should be accepted,If for no other reason than man's ability to screw things up!!
    Jan 29 07:22 PM | 2 Likes Like |Link to Comment
  • Retailers in 40 different states can now charge consumers an extra 1%-4% for paying with a credit card as long as they disclose the fee. The extra fee is a byproduct of an anti-trust case settlement with MasterCard and Visa in which the credit card giants were alleged of conspiring to hold back the fees stores can charge. Retail analysts expect large companies such as Wal-Mart, Target, and Costco to refrain from tacking on the fees, but it could be open season for smaller chains and independent shops. [View news story]
    I don't feel to sorry for the retailers. I can't believe the fees aren't baked into the pricing already. Plus people tend to spend more when using credit cards so the decrease in revenue/profit may more than offset the fees collected.
    Jan 29 03:51 PM | 1 Like Like |Link to Comment
  • The debt ceiling fight appears to be over, with the House passing a 90-day extension on the debt-limit. The bill now moves to the Senate where it is expected to pass. [View news story]
    I personally hope they don't pass a budget by Apr 15th. The idiots need to go without pay. Reminds me of things I used to do when I was Kid in grade school!
    Jan 23 01:57 PM | 1 Like Like |Link to Comment
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