Excuse me, but that's why they pay their lawyers $750 per hour. Clearly the DOW lawyers were out-lawyered by both the ROH and the Kuwait lawyers and should be fired! I would be shocked if we weren't charged at least $50 mm in legal fees for these two deals and we sure as hell didn't get our money's worth.
BTW, Just because a handfull of so-called analysts were predicting 200 oil, only a foolish CEO would do a deal like this based on such predictions. There were just as many competent analysts predicting last summer that we would be below 100 a bbl as were predicting we would be at 200.