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Hedging fuel prices - major Oil Hedge company goes bankrupt
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24th Jul 2008, 06:59
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GOLF_BRAVO_ZULU
Join Date: May 2006
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Quote:
Its collapse came as oil prices plunged to their lowest levels since early June.
I think the verb "plunge" must have acquired a new meaning to more closely align it to "dip".
It's always sad when hard working speculators get their a**es burned.
Last edited by GOLF_BRAVO_ZULU; 24th Jul 2008 at
07:01
. Reason: Did I say speculators? I'm sure I meant investors.
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