RE:RE:RE:Contrarian is a bad investor What a load of crock. If that is the case, why do most mining companies not own oil assets as a "natural hedge"? They invested in oil as part of a strategy of diversifying into the Cuban economy, Helping Cuba increase its domestic oil production was great hedgemony, as Cuba was struggling to afford to buy oil internationally. If what you are saying was really true, they could have easily just hedged out the diesel price! My guess is that they spent $40 - 50 million on this dry hole. That is one hole... to have an economic field, you need multiple holes, plus transportation and storage infrastructure. Where was that cash going to come from when you have a customer that does not pay on time?? Seems you are spending more to try to create a hedge than the exposure you are trying to hedge in the first place. Like I said, weak capital allocation decisions. Your argument holds no water.