Friday, July 25, 2014

Argentina broke,Statoil(Norway's oil company)doubles profits,Germany confidence down.

Argentina broke,Statoil(Norway state control oil company) doubles profit,Germany's business confidence index down.
Argentina near default on bonds,so what else is new?
Statoil(Norway's state control oil company,the state doesn't own a hundred percent of Statoil,indeed,you could buy their shares on the NYSE) doubt the promise of shale oil,curious story in that a story has appeared that Scotland has much promise of shale oil,however,maybe a rumor to get people to vote for independence,North oil is at peak? What would Scotland do if separates from U.K for currency? Can't use Pound,Bank of England said no.EU says maybe not admitted to the,hence, can not use Euro as currency.
Germany confidence business index down maybe not such a wonderland.

No comments:

Post a Comment