je.st
news
Oil News: Oil Baron's $433 million Bet that OPEC Blinks First
2014-11-09 20:40:44| Electronics - Topix.net
Now, he's backing up that comment by unloading his company's oil hedges in anticipation that OPEC won't engage in a price war with American producers. In Wednesday's earnings release, Hamm said: We view the recent downdraft in oil prices as unsustainable given the lack of fundamental change in supply and demand.
Tags: news
million
oil
bet
Category:Electronics and Electrical