There is no doubt the rising oil price is hurting world economies...in many ways however, the curtailing of growth is not all bad.
Realities however we are in a changing world, where energy, once considered a basic commodity will be given a whole new measure...there is nothing anyone can do to stop this.
As for CVI...they do not need oil at $250 a barrel...in fact internal summaries are being based on just $70 per barrel and potentially, the profit break even point will be considerably less.
Point being, we will see muh higher prices...but we do not need the global economy to break in the process.
Quite an absurd analysis actually.
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
