Wednesday, March 09, 2011

Disastrous oil spills in Nigeria: Royal Dutch Shell says, "The Rebels done it." Yeah, and I'm the Tooth Fairy.

Check out this report in the Guardian. It makes the Exxon Valdez and the Gulf BP spill feel like a walk in the park.

Full disclosure: I came upon this Guardian story because I own stock in Royal Dutch Shell and I was looking for info that might help me understand why the stock price has been dropping in a generally-rising market – rising for stocks, rising for petroleum.

Maybe it's those 1,000 spill cases filed against Shell, one for over a billion bucks. Maybe it's time for me to sell my Shell stock.

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