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New Mexico | suit on basis.
Heck with a Minus $2 basis in most areas ( thus producers to screwed to deliver to the handicapped net cash price ) and some hungry countries affected by drouth who need product? hmmm
Perhaps the consolidated market heads need to think things over just a touch before those certified letters show up saying, " Greetings, you now need to send us ALL your money, etc., etc," .
Since force majeure IS fully feasible towards an Act of God, it is also highly feasible in today's court environments as an "act of the devil" too.
Talk "punitive" at $1 B per year for an expected 5 year Asian drought run ( last 2 of this magnitude ran over 5 years each cycle ),
Talk "anguish" at $25 B per year. ( say 2 billion common "little people" on the globe affected by the greed basis scenario etc..
We'll see.
Edited by Markwright 8/6/2010 17:57
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Force majeure,
