Wednesday, October 17, 2012

Energy gains and losses, summer 2012


Hot enuf? Electricity bill gettin you down? 
Gas prices still high? 
These are the good old days.
But first. this news:
  • A former Bank of America president has been indicted for fraud. Twelve more are being investigated BofA, JP Morgan, UBS, Wells Fargo and GE have all paid $700 million in restitution and penalties.These fines are happening with greater frequency. Makes me think why the calls to 'fix the debt' or fix medicare and social security are getting louder...
  • The ex-Citi CEO who wanted to repeal Glass-Steagall Act allowing deposit and investor banks to merge, wants to fix that
  • Syrian army readies for assault on Aleppo
  • Al Qaeda reportedly part of radicals in north of Mali
  • Aren't Nigerian troubles both religious and political?

I wanted to talk about big energy and not just a few of their legacies line up this week and last month too:

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