/biz/ - Business & Finance

Anonymous Thu Jun 23 06:12:04 2022 No.49916618 [View]
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>>49916543
Yes, and it was propped up by...
Propped up by...
CHEAP DEBT
YAAAAAAAY

People that were taking cheap debt and paying employees were shouldering the cost of 100$ a barrel oil. Now that interest rates are going up those companies are imploding and its going to collapse demand and the price will tank again.
The general stock prices of oil companies should come down too as they aren't making as much money, even though they should be holding reserves for investor payouts since they stayed on the OPEC+ script rather than meeting demand at the time.

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