Monday, July 21, 2008

Dolly Drilling Damage Likely Low

Reuters is reporting that the projected path of Dolly is likely to miss major oil-producing areas of the Gulf of Mexico. Shell has begun evacuating workers from drilling platforms, but production thus far is unaffected. In commodity market trading near mid-day, oil prices were up less than $1 at the bargain price of under $130 a barrel.

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