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Keyword: lettheoilspread

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  • Ironic, isn't it

    06/23/2010 10:27:17 AM PDT · by syc1959 · 2 replies
    nobarack08 | June 23, 2010 | syc1959
    Ironic isn't it, that the day after a Federal Judge lifts the Deepwater Drilling Ban, BP has another accident and the cap is off the well, and uncontained or restricted oil is now flowing into the Gulf again. Not to mention the $2 Billion dollars that Petrobras was loaned and their stock is down from a Monday high of $39.45 to currently $36.25. As reported last year by the Wall Street Journal; The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field...