Subscribe to Zapata GeorgeNews Feed

Gulf Of Mexico Oil Spill

Exclusive Newletter

Divergence a 10 Year Phenomenon
Divergence: it’s an event that we have discussed both on Radio Zapata George and in our monthly letters. However, I feel it is really important that everyone understand what is meant by divergence, so let me reiterate.

In the markets there are trends which coincide, and there are trends which move apart from one another, or diverging. These are the ones that we’re interested in. Let me give you an example: when the price of energy rises, that should make it difficult on the economy, and therefore it should make it difficult upon the stock market and its averages. If you increase the cost of everything, which is what happens when the cost of energy cost rises, that makes it more difficult to make money, earnings suffer and consequently, stock averages suffer...

Latest

Firm asks court to confirm Kan. land condemnation

A Nebraska gas company has asked a court to confirm its right to condemn more than 9,100 acres in south-central Kansas to contain gas migrating from an underground storage facility.
Company at center of Mich. oil cited for problems

A Canadian company at the center of a huge oil spill in southern Michigan has a history of pipeline problems, including leaks, an explosion and dozens of regulatory violations.
Suncor books strong Q2 production despite maintenance work at oilsands sites

Suncor Energy Inc. says it has just completed one of its strongest quarters ever in terms of oilsands production, despite the fact that much of its equipment was taken offline for maintenance during the period.
Indications: Stock futures gain strength as jobless claims fall

U.S. stock futures pointed to opening gains Thursday on Wall Street, as oil major Exxon Mobil Corp.
Stocks fall as traders await Friday’s GDP report

Stocks fell Thursday as investors took a dim view of the latest report on unemployment and warily waited for the government’s reading on second-quarter gross domestic product.