So there’s this company I have a great deal of interest in called Occidental Petroleum. Recently they had a big fire in one of their fields that caused it to be shut down. Now there is a 120,000 barrel deficit in the market. This in turn caused the price of crude oil to rise. Now the logical conclusion would be Occidental stock would go down because something they owned became engulfed in FLAMES! In reality the stock went up over a percent. Not only that, but they were one of the top oil gainers for the day. My conclusion…
1) Start a fire at your plant that causes a big shortfall in what you supply
2) ?????
3) Profit
I think Occidental’s new business model should be every few months fuck up and cause the price of oil to go up. Now produce less but charge more, even if you are the ones who screwed up. Brilliant!