British Petroleum could completely block the emergency oil spill

Yesterday the British oil company BP said the oil spill in the Gulf of Mexico stopped. Recall that it could not be done since April 22 when the accident occurred on a platform of Deepwater Horizon. Total in the Gulf was 120,000 barrels of oil. The world breathed a sigh of relief. The ball from getting oil in the Gulf Stream, it could quickly contaminate the northern coastal states, including Georgia, North and South Carolina, as well as Virginia. In addition, there was a danger that the Gulf Stream bona fide oil in significant quantities to Europe. On the market a lot of talk about the probability of bankruptcy BP. Companies, according to some estimates, will have to pay the compensation and fines of more than $ 50 billion. One source of funding for these expenses - sales of assets of 20 billion dollars. We recall that a month before the disaster on the shelf in the Gulf of Mexico, in order to reduce the import of hydrocarbons, Barack Obama lifted the ban on underwater drilling off the coast of Alaska. Affairs that the United States, largely depend on energy exports from the Middle East. And there, in the words of former U.S. President George W. Bush, "we (Americans - approx. Aut.) Do not like." U.S. authorities have high hopes pinned on deepwater drilling. But after the accident, the views and decisions of the first people of the United States have changed dramatically. On the offshore drilling moratorium. At the White House is putting intense pressure from the public. Barack Obama did not deny that he was "angry at BP». By and large, American officials were furious. The European Union spoke of the need to introduce a total ban on oil production in this way. To some extent, this negativity could support oil prices. True, the volume of crude oil on the shelves is very small compared with the whole market. But it should be noted that this type of production grew more intense. Most likely, now, this story will try to quickly forget. And production at the North American shelves resume. EU and U.S. will continue to do everything possible to achieve energy independence. It is clear to us as suppliers of energy is not very good. In addition, recently came another piece of bad news. For example, statistical data from China, according to which the country has witnessed a slowdown in economic growth. In particular, China's GDP in the second quarter of 2010 increased only by 10,3% year on year against the previous quarter at 11.9%. Data on U.S. industrial production also disappointed investors. Reduction also showed the index of business activity FRB Philadelphia (from 8 to 5.1 points in June). After closing yesterday's session came the weak reporting Google - earnings per share were $ 6.45 while waiting for $ 6.52. Traditionally, analysts forecasts lay pessimistic scenario, so the result is weak - on posletorgovoy session, shares of Google fell by 4%, however, markets managed to avoid collapse due to other statistics and corporate reports. According to the U.S. Department of Labor, the number of initial claims for unemployment benefits in the U.S. for the week that ended July 10 fell by 29,000 compared with the previous week - to 429 thousand. Analysts had expected that the number of initial claims for the week will be 450 thousand. In addition, that figure has surpassed expectations of analysts, he also became the lowest in almost two years. Positive reports showed the bank JP Morgan Chase (the company's revenue totaled $ 25.61 billion and earnings per share $ 1.09 $ 0.71 with expectations). It turns out that statistics are very controversial, the overall trend is difficult to determine, the markets are extremely volatile and unstable. In the language of traders, this is called "outset". That is, markets fluctuate, and their throws, going up and down, but global, significant changes are happening. Investors simply do not know "to go" market and not hurry with conclusions and forecasts. It is not surprising that oil prices have now fallen, but only slightly. On the New York Stock Exchange price of NYMEX August futures for U.S. light crude oil Light Sweet Crude Oil fell to 0.42 dollars - up to 76.62 dollars per barrel. Thus, despite the fall, the cost of black gold stays above $ 70 a barrel. But the price of $ 100, in which the Russian government, not straining, may close a budget deficit this year, perhaps we could forget.