Indexology®: Contango Costs Oil Investors 10 Extra Years
August 24, 2015 at 12:47 PM EDT
Headline news on Friday was that oil dropped below $40 per barrel, the lowest since March 3, 2009. It’s bad news for an oil investor to learn 6 1/2 years are wiped out – that is no gain since the bottom of the financial crisis. Unfortunately, the reality is so much worse than that. The price per...