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I heard today that we locked in another $1B in hedges at $77 on Friday for years 2012-2016.
I heard today that we locked in another $1B in hedges at $77 on Friday for years 2012-2016.
Source?
Trolling for flame aren't ya?
Heating oil futures can't be bought that far out, and it wouldn't be a wise investment anyway. Enjoy your LBB layover.
That's great. Hopefully in those years we will have more wind energy and solar, along with some extra nuclear energy. If that is the case, oil should be below $50 a barrel, and that would really stink for you guys. T. Boone Pickens says "General Lee, you are a genius!"
Bye Bye--General Lee
...or if it goes back to $150.......then, oh...wait...wait til the hedges run out.
That's great. Hopefully in those years we will have more wind energy and solar, along with some extra nuclear energy. If that is the case, oil should be below $50 a barrel, and that would really stink for you guys. T. Boone Pickens says "General Lee, you are a genius!"
Bye Bye--General Lee