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DewDiligence

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DewDiligence

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Re: DewDiligence post# 7856

Thursday, 01/02/2014 7:33:01 PM

Thursday, January 02, 2014 7:33:01 PM

Post# of 30495
More on the purported dangers of shipping (Bakken) oil by train:

http://www.bloomberg.com/news/2014-01-02/bakken-crude-more-dangerous-to-ship-than-other-oil-u-s-.html

Crude oil produced in North America’s booming Bakken region may be more flammable and therefore more dangerous to ship by rail than crude from other areas, a U.S. regulator said after studying the question for four months.

HES was down 2.3% today and this story was presumably part of the reason.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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