What's amazing about the price of oil is, it just tells you how much the Saudis hate Iran. To purposely produce so much oil to flood the market just to screw them is amazing. Not to mention to invest so much money the did downstream in oil production to compensate what they where losing on the price of a barrel to make back in refineries. If I take my mind back to 2003 or even in 1991 when both gulf wars happen I don't remember ever hearing or knowing about how much these different sects hated each other. Think a lot of US citizens had no idea of this or the fact that with the Islam religion there was such little known or lack of education in it. Think if we knew this, it could have prevented the second war.
With the share count I don't think it matters . Cause when and if this bank recovers, I would imagine a great deal of those shares will be rebought.
Only thing to be optimistic is, look at all the Ireland banks. Take them 5 or 6 years ago, they where are able to recover. Although many merged. But it's still leads light. But as a human, I feel for the people of Greece. Many are gonna have there lifestyle change and even there working timetable towards retirement.
