Friday, June 18, 2010

BP

A lot has been happening, revolving around BP. I was watching the Senate hearing yesterday where the BP CEO was being 'interrogated'. Supposedly, the relief well that is being dug right now will be completed only by August and even that does not assure a containment.
Apart from the containment, the other issue is the cleanup of the oil that is still floating around. Adding spice to this is the (upcoming?) cyclone season :|
Going back to my previous write-up, things have been too good for too long and an environmental or socio-political catastrophe is not unforeseeable.
Gold topped $1260 as I speak.
I wonder how bad things can get before sanctity returns to the global monetary mechanism.

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