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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (133587)	6/2/2010 1:46:07 PM
From: CommanderCricket	Respond to of 206164

"I think the drilling contractors will make a lot of noise, but what else are they going to do? " If the contractors have debt and covenants, they will have no choice but to cut costs and move capital/equipment out of the gulf. The uncertainty over the next 12 - 18 months will destroy the smaller capitalized companies.

To: Keith Feral who wrote (133587)	6/2/2010 1:50:06 PM
From: CommanderCricket	12 Recommendations Read Replies (1) \| Respond to of 206164

"Business is all about profit. However, when companies like RIG go out of their way not to pay their share of taxes to the US, it really makes their ambitions very transparent - greed." Not sure I agree with your statement. RIG's responsibility is to its share holders, not the government. If they are getting a majority of profits from their overseas operations, why shouldn't they find countries that respect capital more then US?