It would behoove them to come out with a low RV when their oil is higher, because it would increase their profit by the same factor…
To put it simply, if they RV at .10 when oil is 3X higher than now, then they make at least 3X.
If you could trade 1 bar of gold for $500 today, but if you wait a month you know you will get $1500… wouldn’t you wait a month?
I would.
