Oil Executives Cashed Out $400 Million Since the Iran War Began. Who Picks Up the Tab?
Oil and gas executives have sold nearly $400 million of their own company stock since the Iran war started. The ConocoPhillips CEO alone sold $80 million in two separate transactions in March. Another executive sold just over $11 million one day before his company's stock hit an all-time high. Crude jumped from $65 a barrel before the war to over $100 as the Strait of Hormuz, the passage for roughly 20 percent of the world's oil supply, closed and reopened and closed again.
Mike and Neal break down what these sales actually signal. Executives sit on more information than anyone else in the…
The skinny
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