Nasty T-sips

According to the Houston Chronicle, the University of Texas board of regents approved a plan to sell oil and natural gas for the next 10 years from some of their west Texas land holdings. They sold the oil and natural gas for about a billion dollars. This “so-called forward contract” or futures contract firmly establishes the University of Texas as one of those nasty speculators we’ve been hearing are driving up the cost of gas. The sordid tale can be found here. Just how low will they stoop to go?

Disclaimer: I am a proud graduate of the great Texas A&M University.