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Wall Street braced itself for yet another day of fiscal cliff negotiations after House Speak John Boehner proposed a “Plan B” option, in which the Bush-era tax cut for people making less than $1 million would be extended, but deferred a plan on spending cuts. The plan was rejected, but President Obama made a counteroffer that included a major change in his position on tax hikes for the wealthy; Obama proposed $1.2 trillion in higher tax revenue from those earning over $400,000 and $1.22 trillion in spending cuts. Though initial reaction was somewhat mixed, investors were at least satisfied with the apparent progress of the negotiations [see also 101 High Yielding ETFs For Every Dividend Investor].

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When an oil rig exploded and collapsed in the Gulf of Mexico last month, few imagined that the fallout from the disaster would still be making headlines nearly five weeks later. But the explosion spawned one of the worst environmental disasters in U.S. history, and resolving the situation has been a daunting challenge for all parties involved. BP, the British oil giant that has accepted responsibility for the leak, has attempted a variety of maneuvers to stop the flow of oil; all have had limited success. [click to continue…]

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Obama Opens Offshore Drilling; Oil ETFs Soar

by on March 31, 2010 | Updated April 2, 2010

Earlier today, President Obama announced that he is lifting bans on offshore drilling and oil and gas exploration off the Virginia coast, move likely to renew a heated debate between environmental groups and Big Oil. Obama also announced that he will be expanding lease sales for oil and gas exploration on the Atlantic seaboard. The […]

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The Definitive Oil ETF Guide: List of Oil ETFs and More

by on October 22, 2009 | Updated November 1, 2012

Direct investment in crude oil products used to be limited to major financial institutions and oil companies themselves, but the development of the ETF industry in the U.S. has democratized the investment process in many ways, including making investments in various oil products accessible to average investors. There are a number of exchange-traded products that […]

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