Hot and dry. It hasn't rained in two months. It's reported that a sustained rain is needed to get it under control. The city itself is reported to look bombed out. Only a 40% chance of showers Saturday. Evacuating those that went to the oil sands housing area now. No deaths reported but massive property damage.
Politicians become politicians to get rich. Both democrats and republicans in congress have great stock market returns. Probably beat Buffett.
After he blew up FrontPoint Partners, he started working for his parents again.
I wouldn't be surprised. The foxes guarding us chickens from wolves. Got to be a very fast chicken anymore or you get eaten by one or the other. Like the FDA guarding us from the food industry. Just look up GMOs and how they came about. Our food supply is tainted and making us all sick. I had acid reflux and irritable bowel until I cleansed my home of GMOs.
Selling assets at 30 cents on the dollar? Hardly. But then they are buying back their own debt at big discounts with the proceeds.
What's really disgusting is the fact that SEC employees retire, draw a big pension, and then get high paying consulting jobs at hedge funds.
As the first wildfire that started in Fort McMurray continues to rage and thousands are evacuated from a nearby oil work camp where they had sought refuge, a second wildfire has crossed over into Alberta adding to the human and material woes.
The second wildfire started further away in northeast British Columbia, but has now crossed over into Alberta, as firefighters continue to fight the more catastrophic fire that started in Fort McMurray and then spread south quickly.
The fire is headed mostly south. Most of the oil fields are more north. However, operations are shutting down due to evacuation. This from a report:
At least 640,000 barrels per day of crude output is offline, according to Reuters calculations, roughly 16 percent of Canada's crude production. The outage is expected to climb as major players in the region cut production. [O/R]
Conoco Phillips is evacuating its small 30,000-barrel-per-day Surmont project, south of Fort McMurray, as a precaution because of potential highway closures. The fire is currently 38 kilometers north of Surmont, a spokeswoman said.
Most of Alberta's oil sands facilities are north of Fort McMurray.
If you call it a reserve. Refugees from the fire occupied the abandoned worker camps. Most of the workers have been let go.
I always thought that you had one eye. No depth persecution. Kind of color blind too. Time for another crayon spread sheet! Use a color that you can see.
They lie, cheat, and swindle. And much of the time, they still lose. That's why hedge funds continue to bite the dust. The rich should get a clue from Buffett. An index fund is a better investment.