Non-Bakken News -- Politics --

This is probably the biggest non-Bakken business story of the last ten minutes: The US government will sell 200 million shares of GM at $27. This  means the government would have to sell its remaining shares at an average price of $69.72 to break even.

The Obama administration said Wednesday it will sell 200 million shares — or 40 percent of its remaining stake in General Motors Co. — back to the automaker and announced plans to completely exit the Detroit automaker by March 2014.

The Detroit automaker said it will purchase 200 million shares of GM stock held by Treasury for $5.5 billion — or $27.50 per share — nearly $2 above the stock's closing price on Tuesday. GM shares jumped sharply on the news and were up 6.7 percent to $27.10, or $1.59.

The U.S. Treasury — after more than a year of refusing to say when it might start selling its remaining stake in GM — said it willannounce a written plan in January to shed its remaining 300 million shares over the next 12 to 15 months — likely in a series of small stock sales.

The Treasury's move is intended to minimize the impact of the stock sale on the share price.

The exit plan may prove to be a boost to GM's lagging stock price and to some car buyers, who have avoided GM because of the "Government Motors" label.

Yup. I assume 47% of the US population does not care. Americans are content/satisfied.

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Wow, tell me it's not true. Sam Donaldson arrested for DUI.