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Senior Advisor

Help for the oil biz

Top the SPR off, for sure, all the way and then some. Beyond that, "the market" actually does its thing if there's enough carry in the market and cheap enough tanker rates- hedgies just lease tankers, fill 'em up and play the carry. That's what happened in '16. 

But actually since Nepotism Ken is BFF with Prince Bonesaw and FIL with Col. KGB you'd think they'd just get the two antagonists together and work this thing out.

And we do have to be sensitive the the strictly held principles of the Tea Party, who are staunchly against bailouts.

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Highlighted
Senior Advisor

Re: Help for the oil biz

BTW, if you want to know a secret, neither SA or RUS have as much surplus capacity as they claim.

Although if demand is collapsing it may not matter.

If it was a matter in isolation I'd find it a very fine trade to shuck out a few hundred $B in fracking junk bonds vs. bankrupting SA and RUS.

 

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