Originally Posted by
bubi352
Oil is close to $112 per barrel and climbing. Do you guys believe we are better prepared this time vs 2008?
Not better prepared but in a more restrictive situation. With the planned IPO it puts us in a limited position when it comes to reducing. Also I believe that the investors know that NK royaly messed up with the reduction they did last time around. With that said I don't believe we will last long once oil surpasses 130. Depending on the price I think 3-8 months tops.