Second Oil Rig Accident Signals a Fundamental Economic Shift?

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By now, nearly every person in this country has heard or read about a second oil rig accident which has happened near Morgan City, Louisiana. Although it appears that only a small amount of environmental damage was done, how will the reaction to this news play out in the markets through the coming week?

I'm very thankful that this most recent oil rig accident happened late on a Friday. I certainly believe that if this accident had happened a few hours earlier in the day, I probably wouldn't have liked to witness the way the markets reacted. Now, we have two days to absorb the news of what has happened before full-scale trading resumes. Really, I'm very happy about that.

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Second Oil Rig Accident Signals a Fundamental Economic Shift? originally appeared on BloggingStocks on Sat, 01 May 2010 14:40:00 EST. Please see our terms for use of feeds.

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Louisiana - Business - Energy - BloggingStocks - Oil

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