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Professor MD

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Professor MD

Re: Elmer Phud post# 142426

Thursday, 10/08/2015 1:44:23 AM

Thursday, October 08, 2015 1:44:23 AM

Post# of 151672
Elmer

How long will their reserves last? Can they hold out until oil recovers? Will oil recover?



The problem the oil kings have is that their “reserve” is in either real estate or shares of corporation that lost significant part of their value and cannot be sold in the present market. The kings are forced to get cash by taking loans that are secures by their “reserves”.

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