Tag Archives: West Fertilizer

Earth Day, 2013. Oil Spills, Explosions, Fracking Business As Usual & The Stock Market Response

PLPort_Results.2013.04

Wall St. NYC, April 26, 2013. Monday, April 22, 2013 was Earth Day.  At the close of trading Thursday, April 25, 2013,  as compared to my reference date of Dec. 21, 2012, the Dow Jones Industrials was up 12.3% , the S&P 500 closed up 10.84%, the “Popular Logistics Fossil Fuel Reference Portfolio was up 1.8% and the Popular Logistics Sustainable Energy portfolio was up 34.85%. (This is in line with the trend noted in my previous post, March 23, 2013., in the series that began Dec. 21, 2012.) And Shell Oil has temporarily suspended exploration and drilling operations in the Arctic. (Click here for Forbes). The stock portfolio data are summarized below, in Table 1. That’s the good news (unless you’re long on fossil fuels).

Here’s the bad news. “Fracking” is widespread and unregulated (click here).  An oil spill dumped 500,000 gallons from Exxon pipeline onto Mayflower, Arkansas and into Lake Conway (click here).  A fatal fire & explosion in West, Texas left 35 dead, probably including 16 firefighters and emergency responders (click here).  A fire and multiple explosions on gasoline transport barges docked in Mobile, Alabama injured 3 (click here).  Continue reading