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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Reuters reports that BP could increase the volume of oil it will capture from the leaking well from about 15,000 barrels a day now to 40,000-53,000 barrels by the end of June and 60,000-80,000 by mid-July, but "it could still not guarantee collecting all the gushing crude".
80,000?! Just how much oil is/was flowing on that well?
BP shares continues to sink.
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