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re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/22/14 at 4:48 pm to Helo
Posted on 12/22/14 at 4:48 pm to Helo
If it costs a producer $65-$75ish a barrel to get out of the ground, you bet the producers will get hurt.
At today's prices they can't sell below cost but make it up on volume like the car dealers scream on the commercials.
Unless they hedged and booked the price for delivery before the fall.
At today's prices they can't sell below cost but make it up on volume like the car dealers scream on the commercials.
Unless they hedged and booked the price for delivery before the fall.
This post was edited on 12/22/14 at 4:50 pm
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