We need to be thankful for the $250 usd we got.
Oil Prices Slide on Expectations of Iran Deal - WSJ
Those who bet (and won)on oil falling see it going as low as $25 usd a barrel, in which case our losses from hedging around half our $40 billion oil bill at $110 a barrel is around $16billion.
I know this is woefully simplified and $16 billion is worst cast but even $10 billion is a lot when we only made 3 and change and losses from hedging were only $911 million last financial.
Crystal ball anyone?