Crude oil $25 or less

Discussion in 'Trading' started by talknet, Dec 12, 2008.

  1. lost over a billion like the butt picker that he is.
     
    #31     Dec 18, 2008
  2. And companies cant get credit or doesn't have to cash flow to hedge oil.
     
    #32     Dec 18, 2008
  3. talknet

    talknet

    If Crude Oil falls to $20, what will happen to Giant American and British Oil companies such as Shell, British Petroleum, Mobil, Exxon.

    Everybody is talking about Saudi Arabia, Kuwait and other Oil rich countries. But the fact is Giant western Oil companies earn "Lion's share" by Drilling oil in Gulf countries.

    I think USA and UK will be bigger losers than Saudi Arabia, Kuwait & others because of "crashing oil price".
     
    #33     Dec 19, 2008