Why I sold my $Occidental Petroleum (OXY.US)$ position to bu...
Why I sold my $Occidental Petroleum(OXY.US$ position to buy $Petroleo Brasileiro SA Petrobras(PBR.US$
1. PBR has the ability to find labor at a much lower price. Brazil has many people that will work for $8/hour that are very skilled.
2. Brazil has massive steel plant to make all the drill pipe in the world at lower cost than the USA.
In all Brazil can DO everything we need to do faster and cheaper! $S&P 500 Index(.SPX.US$ $SPDR S&P 500 ETF(SPY.US$
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JeffK : this is us market