IEA Oil Supply and Demand

[jft310]

Yes even the slightest knowledge of oil and gas biz would reveal the hedges the industry uses which will now expire most be end of 2015. Further the banks loan money so asset values and with oil down 50 percent they will need to raise cash if over levered. Many are well over levered , Interoil had no debt , Total started raising cash well before the crash in oil prices . Smart guys both of them !!