Comment history

BaystreetTrader says...

Oil is currently trading at $78.5 this morning, the management of BEC should consider hedging a portion of their fuel bill at these prices. Unfortunately, the Bahamas has no control over oil prices, therefore, one should protect themselves by hedging the risk of higher prices in the future. The paradox is that everyone wants to see global economic growth, however, that also means higher demand for oil (and higher oil prices) unless there is some kind of technological innovation in the energy arena.

On BEC chairman Miller vows to lower bills

Posted 22 June 2012, 7:38 a.m. Suggest removal

BaystreetTrader says...

Oil is currently trading at $78.5 this morning, the management of BEC should consider hedging a portion of their fuel bill at these prices. Unfortunately, the Bahamas has no control over oil prices, therefore, one should protect themselves by hedging the risk of higher prices in the future. The paradox is that everyone wants to see global economic growth, however, that also means higher demand for oil (and higher oil prices) unless there is some kind of technological innovation in the energy arena.

On BaystreetTrader

Posted 22 June 2012, 7:37 a.m. Suggest removal