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NFLX   191.40 (+1.90%)
QQQ   299.33 (+2.77%)
AAPL   143.78 (+2.32%)
MSFT   265.90 (+1.29%)
FB   191.63 (+4.24%)
GOOGL   2,155.85 (+1.88%)
AMZN   2,221.55 (+4.03%)
TSLA   707.73 (+7.43%)
NVDA   178.51 (+5.16%)
BABA   94.48 (+14.79%)
NIO   16.03 (+9.49%)
AMD   98.75 (+6.58%)
CGC   5.55 (+10.34%)
MU   70.60 (+4.02%)
T   21.32 (+0.09%)
GE   77.01 (+3.33%)
F   13.12 (+3.23%)
DIS   105.61 (+2.28%)
AMC   12.23 (+2.95%)
PFE   53.99 (+0.52%)
PYPL   80.42 (+0.37%)
NFLX   191.40 (+1.90%)
QQQ   299.33 (+2.77%)
AAPL   143.78 (+2.32%)
MSFT   265.90 (+1.29%)
FB   191.63 (+4.24%)
GOOGL   2,155.85 (+1.88%)
AMZN   2,221.55 (+4.03%)
TSLA   707.73 (+7.43%)
NVDA   178.51 (+5.16%)
BABA   94.48 (+14.79%)
NIO   16.03 (+9.49%)
AMD   98.75 (+6.58%)
CGC   5.55 (+10.34%)
MU   70.60 (+4.02%)
T   21.32 (+0.09%)
GE   77.01 (+3.33%)
F   13.12 (+3.23%)
DIS   105.61 (+2.28%)
AMC   12.23 (+2.95%)
PFE   53.99 (+0.52%)
PYPL   80.42 (+0.37%)
NFLX   191.40 (+1.90%)
QQQ   299.33 (+2.77%)
AAPL   143.78 (+2.32%)
MSFT   265.90 (+1.29%)
FB   191.63 (+4.24%)
GOOGL   2,155.85 (+1.88%)
AMZN   2,221.55 (+4.03%)
TSLA   707.73 (+7.43%)
NVDA   178.51 (+5.16%)
BABA   94.48 (+14.79%)
NIO   16.03 (+9.49%)
AMD   98.75 (+6.58%)
CGC   5.55 (+10.34%)
MU   70.60 (+4.02%)
T   21.32 (+0.09%)
GE   77.01 (+3.33%)
F   13.12 (+3.23%)
DIS   105.61 (+2.28%)
AMC   12.23 (+2.95%)
PFE   53.99 (+0.52%)
PYPL   80.42 (+0.37%)
NFLX   191.40 (+1.90%)

US grand jury charges oil company in California spill

Wednesday, December 15, 2021 | Brian Melley, Associated Press


In this aerial image taken with a drone, workers in protective suits clean the contaminated beach after an oil spill in Newport Beach, Calif., on Wednesday, Oct. 6, 2021. A Los Angeles federal grand jury on Wednesday, Dec. 15 charged a Houston-based oil company and two subsidiaries for the oil spill off the California coast in October. (AP Photo/Ringo H.W. Chiu, File)

LOS ANGELES (AP) — A Houston-based oil company and two subsidiaries were indicted Wednesday on a misdemeanor charge for a crude spill that fouled the Southern California coast and waters in October.

Federal prosecutors said Amplify Energy Corp. and its two subsidiaries that operate oil rigs and a pipeline off Long Beach committed a series of negligent acts that led to the oil leaking for hours despite alarms that should have alerted workers to a pipeline rupture.

The pipeline rupture was believed to have been caused when a cargo ship snagged it in high winds months earlier, weakening it before the Oct. 1 spill that dumped about 25,000 gallons (94,600 liters) of crude oil in the ocean.

The indictment said the companies were negligent by failing to respond to a series of alarms that should have alerted it to the spill more than 13 hours before the pipeline was ultimately shut down.

Prosecutors said the companies acted negligently six ways, including failing to respond to eight leak alarms. The pipeline was restarted several times, spewing more oil into the ocean.

The first alarm sounded at 4:10 p.m. Oct. 1, but the leak was not discovered and reported until about 9 a.m. Citizens on shore reported the strong smell of crude that first afternoon, and an anchored cargo vessel reported a large sheen on the water before sunset.

Even after the eighth and final alarm sounded, the pipeline operated for nearly an hour in the early morning.

Prosecutors said the pipeline was understaffed and crew had not been sufficiently trained in the leak detection system and were fatigued.

If convicted, the charge carries up to five years of probation for the corporation and fines that could total millions of dollars.


7 Transportation Stocks That Can Keep Your Portfolio Moving Forward

The supply chain disruptions due to the unprecedented supply and demand imbalance brought on by the Covid-19 pandemic.  Transportation and logistics stocks have been in the news. This sector includes a variety of companies ranging from trucking and railroad companies to companies involved in last-mile delivery to airlines and rental cars that allow for travel and leisure.

This sector has been highly volatile. But if you've been invested in transportation stocks, you've done pretty well. The Dow Transportation Average (DTA) is up 5% in the last 12 months. However, as recently as November, the index was up more than 14%. And you would have done even better with a selection of individual stocks.

We expect that this section will continue to be volatile in 2022. However, as is the case with many sectors, some companies are better positioned than others. And that's the focus of this special presentation. We give you seven transportation stocks that are likely to outperform the sector in 2022.



View the "7 Transportation Stocks That Can Keep Your Portfolio Moving Forward".


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