World’s Largest Oil Traders Caught In Global Corruption Scandal Over the past two years, some of the world s largest oil traders have become the envy of many smaller traders for managing to pull some outlandish profits amid one of the worst oil crises in history. These traders, including Big Oil companies and independent traders, have been doing a rip-roaring business ostensibly by following Warren Buffett s mantra of being greedy when others are fearful and having access to esoteric resources such as giant underground storage caverns.
But, alas, it appears that some players have been gaining the upper hand on the market mainly through underhanded deals. Indeed, Vitol Group, the world s largest oil trading firm, has just agreed to pay $164 million in fines and disgorgement by the DOJ and CFTC for oil bribes in Brazil, Mexico, and Ecuador. Further, Vitol has been slapped with penalties by the CFTC for attempting to manipulate two S&P Global Platts physical oil benchma
Johnson & Johnson (NYSE:JNJ) have been in the limelight a lot with their stocks flying.
However, resilient healthcare firms that have demonstrated the ability to thrive in both rich and poor economic cycles have emerged as investor favorites, too.
LHC Group, Inc. (NASDAQ:LHCG) belongs to the latter category.
LHC is a provider of in-home healthcare services mostly to seniors living in their own homes. LHC Group has partnered with more than 400 U.S. hospitals and health systems in 35 states and the District of Columbia to provide high-quality care to more than 525,000 patients annually. The company has 770 locations that allow it to reach 60% of the U.S. population 65 or older, with its network gradually expanding.
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World’s Largest Oil Traders Caught In Global Corruption Scandal By Alex Kimani - Dec 19, 2020, 6:00 PM CST
Over the past two years, some of the world s largest oil traders have become the envy of many smaller traders for managing to pull some outlandish profits amid one of the worst oil crises in history. These traders, including Big Oil companies and independent traders, have been doing a rip-roaring business ostensibly by following Warren Buffett s mantra of being greedy when others are fearful and having access to esoteric resources such as giant underground storage caverns.
But, alas, it appears that some players have been gaining the upper hand on the market mainly through underhanded deals. Indeed,
by Alex Kimani (OilPrice.com) After decades of stagnation and multiple false dawns, the hydrogen economy appears primed for a major takeoff. A growing number of countries and industries are proactively investing in hydrogen technologies, with hydrogen being touted as the ‘fuel of the future.’ Meanwhile, industry experts are predicting that hydrogen could become a globally traded energy source, just like oil and gas, while the Bank of America says the industry is at a tipping point and set to explode into a $11 trillion marketplace. For a sector that has been vilified for so long, those bullish projections can appear like a bad case of blue-sky thinking. Yet, they are beginning to take shape right as we watch.
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