Caterpillar

Just recently Caterpillar committed a pr nightmare. The company spilled over 6,000 gallons of oil into a nearby river in Illinois. The costs of cleaning up a spill of that magnitude must be in the 10's of millions of dollars. I feel for the pollution/industrial waste spill cleanup crew.


http://www.marketwatch.com/news/story/Spill-Caterpillar-plant-closes-river/story.aspx?guid=%7B0A5668BC-806D-4D8E-9B34-1225B27FACA5%7D

Saudi Assures Asia

Latest news indicates an end to Saudi cutting the surplus to Asian markets. Due to the economic downturn, crude oil prices have fallen under current contractual obligations. In an effort to stabilize prices, Saudia Arabia has cut output by 10 percent. Hopefully, this will extend to the US in the future and maintain steady prices throughout the year!


http://www.reuters.com/article/reutersComService_3_MOLT/idUSTRE5180HD20090209