Does 2nd nuts really lose that often in Omaha?

PokerStars (8 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: FlopTurnRiver)

Preflop: wastrel is MP1 with A, Q, 9, 9. SB posts a blind of 15.
UTG calls, 1 fold, wastrel raises, MP2 calls, CO calls, Button calls, 1 fold, BB calls, UTG calls.

Flop: 6, 2, 2 (6 players)
BB bets, UTG calls, wastrel calls, MP2 calls, CO calls, Button folds.

Turn: 9 (5 players)
BB bets, UTG calls, wastrel raises, MP2 calls, CO folds, BB raises, UTG calls, wastrel raises, MP2 calls, BB calls, UTG calls.

River: 7 (4 players)
BB bets, UTG calls, wastrel raises, MP2 calls, BB raises, UTG calls, wastrel raises, MP2 calls, BB calls, UTG calls.

Final Pot:

Results in white below:
BB has 8d 2d Jc 2h (High: four of a kind, twos).
UTG has 3s 4d Jh 5s (Low: 7, 6, 4, 3, 2 | High: one pair, twos).
wastrel has Ad Qc 9c 9d (High: full house, nines full of twos).
MP2 has Qs Kd 3c Kh (High: two pair, kings and twos).
Outcome: BB wins . UTG wins .

yes and no. Omaha is a game of nuts. Someone usually has the nuts.

rebel looks like you fold alot of hands....do you play any?