Replies to post #12490 on The Rising Influence of Rising Affluence

[OakesCS]

Pioneer has been very savvy w hedging and continental just the opposite.

The comment about producers selling future production every time the price pops along with the intransigence of SA and Iran is why I don't think we'll get a V recovery. Some folks insist on talking about break even production prices for those countries and how they'll be bankrupt in ~3 yrs but somehow the break even price mysteriously keeps dropping and the folks that matter in those countries know they have other cards to play b4 they have to worry about bankruptcy.