Quote:
Originally Posted by MartinSE
Why not? l seriously. Companies borrow money for expanion, development, etc all the time because it is cheap money. Oil companies are not drilling in the US right now because the banks that finance drilling took a beating last time they went on a drilling spree. Borrowing money is a fine old fashion financial strategy. If borrowing is cheap than taking cash out of something else it is a good idea.
So, now everyone can explain why it was a bad idea for Musk, because everyone else understands the intimate details of his holdings.
|
Do you really think the oil companies are not drilling in the US because of the banks not wanting to lend them money? Seriously?