Menago KF on 29 October 2008
The thing is that during the 150$ per barrel period most oil companies said that they would use the extra money for investments in production of oil.
Unfortunately for us, most big companies got greedy, and instead of actually modifying their technology, they started buying out their own stock market shares for all that money, just to get more money in the future.
Now, when the oil prices dropped like a rock, the whole procedure bit them in the ass, but unfortunately, it will bite us as well.
Huh. Who would've thought that beggining anew in my real life would coincide with starting anew on vgchartz?
Any day now, the dollar will be worth less than 2 zloty......any day now.....and my life savings will be in total jepordy ;(.
