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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Gib Bogle who wrote (73695)10/29/2010 11:52:56 AM
From: Maurice Winn2 Recommendations   of 74559
 
A shame you left Gib because you got the dinkum oil about the BP well failure right here, including the expectation that Halliburton's concrete was a major component of the failure process. Mq the Marvellous was right again - sure enough, Halliburton's concrete allowed the blowout to get going. finance.yahoo.com

The spill was minor, the ocean was big the oil was small, the sea was warm, the sun was shining, the wind was blowing, the fungi were eating, the concrete was at fault, BP was not comprised of English ogres plotting to wreck the USA and drown pelicans in oil.

It was a fizzer and the news media lost a great resource and the USA profited handsomely from the spill by pumping many $billions from BP shareholders to USA people mostly around the coastline.

As usual, the government messed things up by introducing an absurdly stupid drilling moratorium which was totally unnecessary.

Mqurice
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