Those pesky takeover deals! Transocean - largest offshore driller, says it had agreed to buy GlobalSantaFe - large offshore driller. Shares of Transocean are up 7.6% in electronic trading before the open. GlobalSantaFe is up 7.7%. I own both, ...
Here is one story strongly suggesting that it is preferable - based on poll results, that a size of one's pecker be government regulated, instead. [more]
... energy consumption is going to jump 50% in the next 25 years, ... and we ["the industry"] will need plenty of welfare checks, so we ["the industry"] can look for what is most probably not there.
Because the world's population is growing and living standards are rising worldwide, energy consumption globally is expected to jump by more than 50 percent over the next 25 years. But finding supplies to match that growth is going to be increasingly tough, and will require massive new investments in coming decades.
Oil report's conclusion: Broad effort needed to satiate energy demand