Gulf’s $1.5 trillion oil wildcat play marks post-spill drilling ‘renaissance’

Gulf’s $1.5 trillion oil wildcat play marks post-spill drilling ‘renaissance’ (via The Christian Science Monitor)

The satellite oil rig ‘Danny Adkins,’ owned by Noble Oil, is seen on the horizon from the Perdido platform in the Gulf of Mexico. (Jon Fahey/AP) Deep below the Gulf of Mexico lies a structure called the Lower Tertiary, long thought by academics to be…

Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”

Volatility"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors.  Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More