Wirelessly posted (BlackBerry8830/4.2.2 Profile/MIDP-2.0 Configuration/CLDC-1.1 VendorID/105)
I agree that it allows them to do a much better job of predicting their costs for the next 3-4 quarters; WN used the same rationale many years ago and they won the gamble. But it is still a gamble. A hurricane in the gulf or many other events could cause prices to go up. Saudi Arabia's decision to pump 500,000 more bbls daily might make prices drop.
We'll find out in a few months if CO makes money on the bet or not.