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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.
Last login: Sunday, March 24, 2013
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