I am having coffee and just looking at oil going nuts.
Oil could well go to $200 (G S prediction might come true after all of years gone0 however as someone who must manage risk I have come the conclusion that we need to look at hedging (refer posts by Spec and CEO) when POO reaches $80 then $100 and so on.... I am quietly hopeful this will eventuate due to a number of things, upcoming IPO Aramco float, demand supply dynamics, Growth in Asia, debt repayments due to rising interest rates puts brakes on Shale etc etc.
Crusier, I agree wholeheartedly that enduring solutions are needed, I also echo what TC and Hunchy say.
I am sure Eric wants to live out the good years in comfort and stress free, he has to be on it!
Keep the faith, tide is turning.
I am having coffee and just looking at oil going nuts.:Do_O Oil...
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