GREY:LSTMF - Post by User
Post by
chantal2468on Sep 10, 2015 7:33pm
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Post# 24094465
what if Saudi hedged 10M b/d for 3 years at $100
what if Saudi hedged 10M b/d for 3 years at $100
before november 2014 meeting?....they aren't losing any money at all for 3 years and will be resuming unhedged operations in 2018 with about $70 - $80 oil when their hedges run out....how come noone ever discusses that conspiracy theory?It is a very real possibility because they are a closed economy and only they know the real truth of their finances....openly to the world they appear to be running a $100 billion deficit but they could be secretly replacing their treasury with the hedge proceeds thereby losing nothing.This is why they can publicly state they will not cut production even if oil is $10....because they are not get the market price they could care less....food for thought.....hmmmmmmm??