The big news of the day is Anadarko Petroleum’s agreement to acquire Kerr-McGee and Western Gas Resources in separate all-cash transactions totaling $21,100,000,000.
All this really means is that oil companies are making too much money by taking it out of YOUR pocket every time you fill up your tank.
That leaves you with less money for other necessities, such as soaring medical costs.
Now really, is that good news?
It is only a matter of time until reality sets in and stocks decline substantially to rational levels.
