Shortin' oil and gettin' squeezed, the untold story - Forbes.com
About half way through this video with Steve Forbes and Jon Catsimatidis, Jon drop a bombshell story about a company out of Tulsa Oklahoma that was shorting oil and getting squeezed. If they had been able to make their 500 million dollar margin call things would have been much worse than they are even now.
It's a good 17 minute video and the bombshell comes after about 10 minutes or so. Shocking story, I'll be doing more research, you can bet on that.
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Monday, March 09, 2009
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