Reply #16: This is just.....weird.

[cliss]

Let me get this straight.
An oil futures company is betting that oil prices will come down.
How could they possibly have thought such a thing?
Did they not have ANALYSTS on their payroll, just go to the DU or Daily Kos then if they were that poor. Anybody could have told them the price of oil was set to go up, based on the following factors:

a) supply of light sweet crude is debatable, not sure about Saudi Arabian supplies.

b) demand for oil would go up, up up with no end in sight.

Oil analysts working for the petroleum companies have published reports which have stated the obvious. Also government economists and other analysts have written hundreds of reports all this is freely available if they cared to look it up. This was not rocket science.

This story just doesn't match up. Maybe the officers looted the company.