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Politics : Welcome to Slider's Dugout

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To: bullbud who wrote (9820)5/22/2008 12:37:01 PM
From: RonMerks  Read Replies (2) of 50736
 
I'm not sure which may expire worthless faster- my USO puts- or many of the airlines <vbg>.

Airlines and trucking companies getting squeezed here. On CNBC this morning they were talking about the airlines having to lock in oil (jet fuel) at these high prices- to survive, because if they didn't hedge and buy here- they'd be bankrupt at $150, or $200 oil.

Your right- if they survive and oil corrects- they will bounce big. Just a hell of a risk of bankruptcy in an already bad business.

Ron
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