The question is, for how long or when will the imminent lawsuit(s) ensue?

http://www.chicagotribune.com/business/chi-080731bells-returns,0,7243566.story

“Bell’s Brewery Inc. beers are headed back to the Windy City nearly two years after the company pulled its brands out of the Chicago market following a nasty dispute with a distributor.

Comstock, Mich.-based Bell’s Brewery on Thursday announced new distribution agreements with Central Beverage Co., Schamberger Brothers and Skokie Valley Beverage Co. that will mark the return of Bell’s brands in Chicago beginning Friday.

Bell’s, makers of Oberon Ale, Bell’s Amber, and Kalamazoo Stout, left the Chicago market in late 2006 after a fight with its distributor at the time, National Wine and Spirits Inc., which had sold the rights to distribute the Bell’s brands to another distributor, Chicago Beverage Systems. Illinois state law basically forbids beer companies from jumping to one distributor to another without a buyout or some other agreement. Instead of paying, Bell’s owner and co-founder Larry Bell decided to pull his brands out of the state even though the market accounted for more than 10 percent of his sales.”

Mack, thank you.

In case you missed the “news” yesterday, here’s Luda’s new song…

http://www.eurweb.com/story/eur45774.cfm

Obama’s presidential/stiff sounding response…

http://news.bbc.co.uk/1/hi/entertainment/7534736.stm

Looks like somebody at Goldman decided to go long on oil futures.  Or, they’re knee deep/bullish on big oil stocks.  Regardless, worthless announcements like yesterday’s (see below) won’t help other than a quick $4 rise in oil futures prices.

http://www.forbes.com/feeds/ap/2008/07/30/ap5271343.html

“A report by Goldman Sachs predicting prices could hit $149 a barrel by the end of year is also feeding the rally.”

Goldman better hope Iran gets some sanctions slapped on them and/or the fed proves even more worthless and does nothing to the interest rate.  BTW – Oil fell slightly in overnight trading.

$3.50 a gallon coming to a station near you though a lot of people are still aiming for $150-$175+ a barrel.  e.g. The Libyan state oil company head (see below) is bullish on oil too.  I wonder why?

http://www.forbes.com/afxnewslimited/feeds/afx/2008/07/31/afx5274405.html

“There is a big fall because prices are currently high,’ he said by telephone. ‘When prices are 130 or 140 dollars per barrel, they fall back more sharply.’

He said that ‘we are following developments (on prices) closely … but we think they will rebound.'”

Fed – it’s time to act…hike the interest rate as originally seen on BccList.com here. Bla.

Update: Oil traded even lower during the day trading today – July 31st.  Awesome.

http://afp.google.com/article/ALeqM5jZe61qipa4iGfZlJ5wNUYWfnZrDg

Who at Goldman Sachs put out that “prediction?”

Note – we’re not out of the “busy driving season” yet so I can’t fully taunt the clowns at Goldman.