Daily Oil Market Summary: May 25

Courtesy of www.fmxconnect.com

Comments

[MacHoolahan]

Looks like the BP oil leak has gone seriously mental in the last 15 mins or so....

http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/homepage/STAGING/local_assets/bp_homepage/html/rov_stream.html

[MacHoolahan]

Seems they've cut the live feed in panic...

Here shows what happened http://www.doomers.us/forum2/index.php/topic,68178.675.html (with credit to BatShitCrazy for the vidcaps) 

[Dapper Dan]

I think BP did try to "top kill" the well Sunday, and it blew past the bop and down the broken pipe,  what else would explain the large crater I saw this morning?  On another note,  I think this oil leak and the failed attempts to stop it are having a larger impact on the equity markets then most people realizes.  I will junk myself thank you, as soon as I post.

[spanish inquisition]

I have been keeping an eye on the White House response this last month and have a question. Does Obama own a fiddle?

[doolittlegeorge]

what i find interesting is that Euroland has high tailed off to Dubai to explain to the oil sheiks "everything's just fine.  those petroeuros you've been larding up on are as good as a Dubai...no wait...a Damascus...no wait...an Instanbull-poopski!  Yeah, yeah....that's it.  They're as good as an Instanbul-poopski!"

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