When oil prices spiked last summer to $147 a barrel, the biggest corporate casualty was oil pipeline giant Semgroup Holdings, a $14 billion (sales) private firm in Tulsa, Okla. It had racked up $2.4 billion in trading losses betting that oil prices would go down, including $290 million in accounts personally managed by then chief executive
Funny how the dudes name is Kashkari...or should i say Cashcarry....hmmm?
mysticdave666 1 month ago 3
@mysticdave666 exactly...
thenakedemperor 1 month ago
cant post link so its on the forbes website article titled "Did Goldman Goose Oil?"
optionsupdate 1 month ago
@optionsupdate got it...
thenakedemperor 1 month ago
When oil prices spiked last summer to $147 a barrel, the biggest corporate casualty was oil pipeline giant Semgroup Holdings, a $14 billion (sales) private firm in Tulsa, Okla. It had racked up $2.4 billion in trading losses betting that oil prices would go down, including $290 million in accounts personally managed by then chief executive
optionsupdate 1 month ago
@optionsupdate Nice...we will look into this...if you go to our site thenakedemperor com you can submit story ideas ...keep up the awareness!
thenakedemperor 1 month ago
you know the story how someone pushed the oil price to $147 so they could bankrupt a major oil refiner ? and they took the guys refinery
optionsupdate 1 month ago
@optionsupdate details...post a link
thenakedemperor 1 month ago