PPRuNe Forums - View Single Post - Hedging fuel prices - major Oil Hedge company goes bankrupt
Old 24th Jul 2008, 06:59
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GOLF_BRAVO_ZULU
 
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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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