Do You think BP will survive

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President Obama supports United State's home based Natural Oil

Thursday, June 3, 2010

Since President Obama supports that the nation taps into its reserved natural oil, we see that there will be a big game changer here. I was watching Jim Crammer show today and I support his Opinion on Westport Transportation Inc, WPRT. WPRT should see huge profit, soon we begin to tap into the natural oil guess who will be transporting the natural gas ?  the answer is WPRT, that is where this transportation company come in and do the transportation job.  WPRT is were to go.







Boycotting BP Gas Stations

Majority of people following the Oil leak problem are considering boycotting BP gas station. Their are groups protesting against BP as they feel that BP is not proactive enough about fixing the leak. The Oil leaking is now 45days old and we are facing a lot of problems here, Poising, livestock murder, water pollution, and beach pollution. I guess soon we should expect the crude oil to float from the Gulf to the American beaches.  This is the position that BP has the whole world stuck with, every one is looking for an answer from BP. A lot of pressure is on the Obama Government to do something, the republican are take the chance to throw dagger at the Democrats, all media are raising alarms on the Government. Lets remember the Obama administration did not swim down the Gulf to dig a Oil hole there, it was all the greed of BP to generate more income by expanding Oil drilling.
       Above is the overview of the condition and source of the problem with the Oil leak. So should United State boycott or not. Share your view.







JP Morgan fined $49 million

The Finance Service Authority (FSA) regulator for great Britain handed JP  Morgan Chase a $49 million fine after they found out that JP Morgan failed to segregate investors and client money from the firms money. The FSA feared that this will put people that bank with JP Morgan in deep debt if by any chance JP Morgan go bankrupt.
       Although JP Morgan is cooperating with the FSA, as they have immediately fixed it, JP Morgan claimed it was an error that they missed during the merged with chase in 2000. The correction was not enough for the FSA to lift the fine it only saved JP Morgan 30% of the fine.  The punishment by the Finance Service Authority was to teach other companies lesson to always segregate there bankers or clients money from other monies in the company so any company will not be tempted to play foul game with their client's money.