It's high speed trading platforms.
How else do you explain 500 point moves in less than an hour.
Individuals are mostly sitting tight.
sdrl could end up a skeleton of it's former self if they end up selling and transferring assets as Frontline.
That is why I believe Fro stock price has never recovered, although they remain in business all they do now is lease.
It's all a scam. I live here SW of Chicago and both Mobil and Amaco have refineries.
So how is it that their stations prices have risen to that of BP?
Tell me that when it gets to Lake Mead.
It despoiled our national park, Grand Canyon.
Will obviously poison many towns underground water supply.
Farmers will not be able to water crops.
Sounds like a national disaster to me.
We have a national disaster with this EPA spill and has our leader flown there to take a look and coordinate federal cleanup efforts.
Is he looking at BP cutting production at whiting In. plant because of some tank problem.
Gas here is 3.29 a gallon, and Mr Obama, why are we being gouged by the other refiners who have been allowed to jack their prices because of BP's problem ?
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.