this post was submitted on 14 Apr 2024
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Ukraine

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Former oil boss warns of price rises after Ukraine infrastructure attacks | Andriy Kobolyev calls for more weapons after Russia destroys one of Ukraine’s largest power plants (www.theguardian.com)
submitted 5 months ago* (last edited 5 months ago) by [email protected] to c/[email protected]
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cross-posted from: https://lemmit.online/post/2659379

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[–] zweieuro 9 points 5 months ago (1 children)

A lemmy user made a comment on a similar post 'press statements about future stock prices are kinda self fulfilling prophecies'

Which, if you think about it, benefits those holding shares/interested in the stock... For example: a former boss of an oil company talking about how the price might hike ...

[–] [email protected] 3 points 5 months ago

This applies not only to oil and gas but to any industry. And let us not forget politicians working on new legislations that will likely support particular companies. Just buy call options and you are fine.