Originally Posted by
Seran
Oil prices continue to fall, now at $86 per barrel. Woot.
Rystad Energy released figures about $10+ billion in losses from hedging activities by oil producers who bet oil would be $55 a barrel. Whoopsy, guess they need to explain to their shareholders how playing the derivatives lottery tamed higher profits they otherwise would have fleeced.
https://oilprice.com/Energy/Crude-Oi...ng-Losses.html
I'm sure you're just excited about how many people are going to be laid off.
Last edited by Gelston; 08-16-2022 at 03:27 PM.
Ceterum censeo Carthaginem esse delendam
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