All one needs to do is look at FRO trading for a pittance of it's glory days.
SDRL has the same business model, run by the same people.
China needs the deal in order to copy and catch up on the technology.
This is a short term gain and a long term loss as China will master the technology and sell their own copy cat product at a much lower price.
Formaldehyde, best known for its use in embalming, is a hardening agent in nail products. In 2011, the National Toxicology Program, part of the United States Department of Health and Human Services, labeled it a human carcinogen. By 2016, it will be banned from cosmetics in the European Union.
Tong will be declared China's equal to Warren B with his big buy of sdrl at 12.50 and a double at 25$.
So I can't go wrong following him to the bag of riches.
Women will want me even though I'm uglier than hell.
What happens when someone breathes too much formaldehyde?
Formaldehyde can make you feel sick if you breathe a lot of it. People can have
symptoms such as:
• sore throat
• scratchy eyes
Scientists use the words “exposed” or “exposure” to talk about how people come in
contact with a substance, such as formaldehyde. Some people are more sensitive than
others, so an exposure that causes no problems for some people can make other people
sick or uncomfortable. Some of these symptoms also happen with other upper respiratory
illnesses, such as colds/flu and seasonal allergies, so if you have these symptoms we
recommend that you see a doctor or another medical professional.
In general −
• If you are more sensitive to formaldehyde and are exposed to more of it for a
longer time, you are more likely to have symptoms.
• If you are exposed to less formaldehyde for a shorter time, you are less likely to
have symptoms, especially if you are not sensitive to formaldehyde.
Formaldehyde is known to cause cancer. The cancer of greatest concern is cancer of the
nose and throat. Scientific research has not yet shown that a certain level of formaldehyde
exposure causes cancer. However, the higher the level and the longer the exposure, the
greater the chance of getting cancer. Exposure to formaldehyde might increase the chance
of getting cancer even at levels too low to cause symptoms.
Did it take for the govt. to put the tobacco companies out of business for selling a defective product.
And did they ever admit that their product was faulty.
Same could happen here.
How can crude prices continue to rise when there is no more storage capacity?
That is until something geopolitical changes the equation.
Just don't know.
Talks with Iran getting nowhere and Israel is waiting for it to fall apart so they can handle it.
Saudi's will soon be deeply involved along with others in a Middle East war of wars.
Oil will have it's day in the sun again.
that's my bet.