Mark - Your responses are always thoughtful and thought-provoking. My intent wasn't to predict the future price of oil as much as to explain why oil prices haven't jumped back up to $70-80/bbl...
Thanks for your comment smurfiest - fair point.
According to the Congressional Research Service, the average effective tax rate is 27.1% in the US compared with 27.7% for the other 30 OECD...
There is virtually zero overlap between Safran and Zodiac. I don't anticipate any issues with antitrust.
This will give Zodiac a much-needed opportunity to hit the "reset" button. The last few years were disastrous.