Oil
May 12, 2021
110 views 5 mins 0

Saudi Sovereign Fund Accidentally Buys Entire Theme Park Chain While Shopping for Oil Rigs

Roller coasters rebranded as “petro-rides.” Alexandra Chen | Stablecoin & Regulation Analyst A Billion-Dollar Mix-Up In a mishap that has stunned global markets, the Saudi sovereign wealth fund accidentally purchased an international theme park chain while attempting to expand its oil rig portfolio. The $12 billion error occurred after investment managers reportedly misread a ticker […]

Oil
September 10, 2020
127 views 5 mins 0

Ethereum Gas Fees Accidentally Pegged to Actual Gasoline Prices

Traders panic as fuel shortages drive up transaction costs. Alexandra Chen | Stablecoin & Regulation Analyst A Costly Confusion Ethereum traders were left stunned this week after a technical mishap linked blockchain gas fees to real-world gasoline prices. Instead of paying a few dollars for transactions, users suddenly found themselves shelling out amounts that mirrored […]

Oil
January 17, 2016
128 views 7 mins 0

OPEC Announces Oil Prices Now Set Daily Horoscope

“Scorpio season = bullish energy,” cartel confirms. Stars Over Supply Chains In a decision that stunned economists and delighted astrologers, the Organization of the Petroleum Exporting Countries (OPEC) announced it will now set global oil prices based on daily horoscopes rather than traditional supply-and-demand models. The announcement came during a press conference in Vienna, where […]

Oil
March 19, 2015
112 views 5 mins 0

OPEC Introduces Loyalty Card for Frequent Oil Buyers

Every tenth barrel is free with a premium membership. Alexandra Chen | Stablecoin & Regulation Analyst Pumping Up Customer Loyalty In a surprising move blending global economics with supermarket marketing, the Organization of the Petroleum Exporting Countries unveiled a loyalty program for frequent oil buyers. Dubbed OPEC Rewards, the scheme promises that after every nine […]