Originally Posted by
Mesabah
I feel it is still gambling, and too risky, especially when the people on the other side of the trade are basically criminal market manipulators.
Not hedging has been Dougie's strategy, and right now he looks like a genius. But what if the price goes up? It's not really gambling, but more like insurance. I have no problem with it personally. It's just a cost of doing business when you spend the kinds of money we do on fuel. Sometimes you are the windshield, sometimes you're the bug. We own a refinery. We are on the other side of that table now.