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Tuesday, January 11, 2011

Oil Surges After Gulf of Mexico Report Comes Out

Link here.

And here.

Not unexpected.

The moratoria continue.

You may want to bookmark this article to refer back to when oil goes over $100 and gasoline hits $5.00 in California.

It didn't take much of a tax increase in North Dakota to scare away drillers in earlier booms. Higher liability caps in the gulf will drive out some drillers.