Later, 7:42 p.m. central time: this really isn't an update, just a comment. Mineral owners should be happy with oil at $104 today. For investors in the oil and gas industry, and for investors in the stock market in general, $104-oil is not good. I would prefer that oil remain in its historical trading range. It scares me when speculators start driving the price of oil up. Regular readers know my feelings about "speculators."
Trading at new 52-week highs: BP, BRK-B, CLR, NFX, TRGP, WMB.
Oil trades up almost 2% -- hits $104.
47% of unemployed have 'completely given up' looking for a job -- The Weekly Standard. The same percent of the population that would never vote for Mitt Romney.
10 million US citizens on disability. New record. First time in history.
CO2 400 parts per million. New record. First time in history.
385 days. Number of days since Phoeniz, AZ, whistleblower in VA scandal was transferred from her place of duty. I guess yesterday, her boss, the commander-in-chief, as he referred to himself several times today, became aware of that.
At least 8. Number of years the president has been working on the VA problem. He said he started working the problem when he was running for the US Senate.
1. The number of deaths due to a 1967 Oldsmobile being driven off a Chappaquiddick bridge.
0. Number of deaths in US due to CBR trains derailing.
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Quite a Day on Wall Street
Oil will close near $104/bbl.
Majors (CVX, COP, XOM): all in the green, though COP barely moved. The other two up about 1.5%.
Service companies (SLB, HAL, BHI): all in the green; about 1%.
ENB, WMB: ENB up about 1%; WMB trading at a new 52-week high.
- OAS: goes over $50 first time in a long time; up over 5% today.
- KOG: up 4%.
- WLL: up 2%
- CLR: up over 3%; traded at 52-week high.
- EOG: up 2%
- SD: up almost 3%
- CHK: flat (slightly up)
- HK: flat (slightly up)
- BRK-B: flat, up sightly
- UNP: trading near its 52-week high; up 3/4th of a percent