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To: vette6387

Depends on when the groceries run out, as they import most all their food.


63 posted on 12/19/2014 5:57:09 PM PST by Ozark Tom
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To: Ozark Tom

“Depends on when the groceries run out, as they import most all their food.”

True, but they pay for those groceries almost solely with money derived from the sale of oil. So when their income drops precipitously as it is currently doing, they go on a sand diet in short order. The only real hedge is whatever money they have in the bank, and their willingness to make further cuts in their oil’s unitary selling price to see if they can makeup their income shortfall on volume.


64 posted on 12/19/2014 6:05:45 PM PST by vette6387
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