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.
Tuesday, September 28, 2010
Shell Finds Oil Off Brazilian Coast
Shell announced today that it has found oil off the coast of Brazil. The announcemnrt was amde to the Brazilian Oil Agency. Details are forthcoming.
The discovery was in well S-M-518, in the Santos basin, which the company owns 100%.
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