On March 10, the company announced that it would slash its dividend for the first time since 1990, when Saddam Hussein’s invasion of Kuwait sent oil prices plummeting.
Eh?
The 1990 oil price shock occurred in response to the Iraqi invasion of Kuwait on August 2, 1990,[1] Saddam Hussein’s second invasion of a fellow OPEC member. Lasting only nine months, the price spike was less extreme and of shorter duration than the previous oil crises of 1973–1974 and 1979–1980, but the spike still contributed to the recession of the early 1990s.[2] Average monthly price of oil rose from $17 per barrel in July to $36 per barrel in October.
She is “a contributing editor for Vanity Fair”, that leading authority on energy economics.
She appears to have been one of the co-writers of the “Smartest Guys in the Room” about the Enron scandal and worked at “Fortune”. Perhaps rubbing shoulders with Vanity Fair and New York Times journos has rotted her brain.
A journalist is someone who is too lazy even to check with Wikipedia.
“Economics is hard” said Barbie. “Let’s go shopping.”