The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Monday, April 25, 2011
When Will the Riots Start? Inquiring Minds Would Like to Know!
Shell Oil Company has announced it must scrap efforts to drill for oil this summer in the Arctic Ocean off the northern coast of Alaska. The decision comes following a ruling by the EPA's Environmental Appeals Board, which is under Executive Control of the President Obama, to withhold critical air permits that Shell needs. Shell has spend five years and nearly $4 billion dollars on plans to explore for oil there. The leases alone costs $2.2 billion. In other words, our government has just stolen $2.2 billion from Shell. This is how we will eventually pay at least $5/gallon for gasoline.
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