Off Topic: “Revised Data shows speculators controlled nearly 1/2 of Oil Futures”

[jficquette]

Yeah, Citicorp and Bank of America use them too for their off balance sheet stuff.

John

[Nor-LA-SD-guy]

Gee it’s not like we need this stuff to live or anything like that,

I guess the same could have been said of housing in 2005/6 .

Hurry next bubble please, the last one proved to be a dud of an idea and we can’t seem to be able to figure out how to create a real economy.

[Nor-LA-SD-guy]

Gee it’s not like we need this stuff to live or anything like that,

I guess the same could have been said of housing in 2005/6 .

Hurry next bubble please, the last one proved to be a dud of an idea and we can’t seem to be able to figure out how to create a real economy.

[Nor-LA-SD-guy]

Gee it’s not like we need this stuff to live or anything like that,

I guess the same could have been said of housing in 2005/6 .

Hurry next bubble please, the last one proved to be a dud of an idea and we can’t seem to be able to figure out how to create a real economy.

[Nor-LA-SD-guy]

Gee it’s not like we need this stuff to live or anything like that,

I guess the same could have been said of housing in 2005/6 .

Hurry next bubble please, the last one proved to be a dud of an idea and we can’t seem to be able to figure out how to create a real economy.

[Nor-LA-SD-guy]

Gee it’s not like we need this stuff to live or anything like that,

I guess the same could have been said of housing in 2005/6 .

Hurry next bubble please, the last one proved to be a dud of an idea and we can’t seem to be able to figure out how to create a real economy.

[ucodegen]

Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

Don’t forget that they have to sell the futures for more than what their face value was to make a profit.

With futures, they either have to sell the future before the exercise date or be ready to buy the oil at the indicated future strike price. If they can’t do the latter, they owe the difference between the spot market price and the future’s exercise price.

With futures, you are playing with a massive amount of leverage. It can slap you silly if you are not paying attention. The downward motion can bankrupt people quickly.

Wiki
Note the second paragraph: Both parties must fulfill the contract.

I think some politicians are looking for an easy target to skewer, to avoid answering some awkward questions about lack of in-country oil production and refinement.

[ucodegen]

Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

Don’t forget that they have to sell the futures for more than what their face value was to make a profit.

With futures, they either have to sell the future before the exercise date or be ready to buy the oil at the indicated future strike price. If they can’t do the latter, they owe the difference between the spot market price and the future’s exercise price.

With futures, you are playing with a massive amount of leverage. It can slap you silly if you are not paying attention. The downward motion can bankrupt people quickly.

Wiki
Note the second paragraph: Both parties must fulfill the contract.

I think some politicians are looking for an easy target to skewer, to avoid answering some awkward questions about lack of in-country oil production and refinement.

[ucodegen]

Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

Don’t forget that they have to sell the futures for more than what their face value was to make a profit.

With futures, they either have to sell the future before the exercise date or be ready to buy the oil at the indicated future strike price. If they can’t do the latter, they owe the difference between the spot market price and the future’s exercise price.

With futures, you are playing with a massive amount of leverage. It can slap you silly if you are not paying attention. The downward motion can bankrupt people quickly.

Wiki
Note the second paragraph: Both parties must fulfill the contract.

I think some politicians are looking for an easy target to skewer, to avoid answering some awkward questions about lack of in-country oil production and refinement.

[ucodegen]

Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

Don’t forget that they have to sell the futures for more than what their face value was to make a profit.

With futures, they either have to sell the future before the exercise date or be ready to buy the oil at the indicated future strike price. If they can’t do the latter, they owe the difference between the spot market price and the future’s exercise price.

With futures, you are playing with a massive amount of leverage. It can slap you silly if you are not paying attention. The downward motion can bankrupt people quickly.

Wiki
Note the second paragraph: Both parties must fulfill the contract.

I think some politicians are looking for an easy target to skewer, to avoid answering some awkward questions about lack of in-country oil production and refinement.

[ucodegen]

Russians lost the cold war but they, and China are winning the bankrupt America war. lol. Beat us at our own game.

Don’t forget that they have to sell the futures for more than what their face value was to make a profit.

With futures, they either have to sell the future before the exercise date or be ready to buy the oil at the indicated future strike price. If they can’t do the latter, they owe the difference between the spot market price and the future’s exercise price.

With futures, you are playing with a massive amount of leverage. It can slap you silly if you are not paying attention. The downward motion can bankrupt people quickly.

Wiki
Note the second paragraph: Both parties must fulfill the contract.

I think some politicians are looking for an easy target to skewer, to avoid answering some awkward questions about lack of in-country oil production and refinement.

[Arraya]

I think some politicians are looking for an easy target to skewer, to avoid answering some awkward questions about lack of in-country oil production and refinement.

I think some politicians are trying to avoid something a little bigger. Refinement is not really an issue, they have been running like 89% capacity for the past year. The in-country production is just a distraction from the larger picture.

Congress needs to spend some time and talk about what we do once we go into terminal decline.

http://www.energybulletin.net/node/45940

We are so close to the peak now that quibbles about the numbers cited here do not matter. My familiarity with the oil industry justifies many of the “hidden assumptions” I’ve made and did not have time to discuss. If you remain unconvinced that a peak of world crude oil production is not almost upon us, nothing I could say further will persuade you in any case.

As I said at the top, this is my official forecast and I will not revise it in the future. I will note for the historical record that in July of 2008 few Americans have come to grips with the implications of a permanent peak in the world’s oil supply despite the strong price signal we’ve seen for several years now. I have done all I could over the last few years to warn everyone about what’s coming.

My conscience is clear even as my concern remains high.
For me, the time has come to examine measures we might take in the post-peak world.

[Arraya]

I think some politicians are looking for an easy target to skewer, to avoid answering some awkward questions about lack of in-country oil production and refinement.

I think some politicians are trying to avoid something a little bigger. Refinement is not really an issue, they have been running like 89% capacity for the past year. The in-country production is just a distraction from the larger picture.

Congress needs to spend some time and talk about what we do once we go into terminal decline.

http://www.energybulletin.net/node/45940

We are so close to the peak now that quibbles about the numbers cited here do not matter. My familiarity with the oil industry justifies many of the “hidden assumptions” I’ve made and did not have time to discuss. If you remain unconvinced that a peak of world crude oil production is not almost upon us, nothing I could say further will persuade you in any case.

As I said at the top, this is my official forecast and I will not revise it in the future. I will note for the historical record that in July of 2008 few Americans have come to grips with the implications of a permanent peak in the world’s oil supply despite the strong price signal we’ve seen for several years now. I have done all I could over the last few years to warn everyone about what’s coming.

My conscience is clear even as my concern remains high.
For me, the time has come to examine measures we might take in the post-peak world.

[Arraya]

I think some politicians are looking for an easy target to skewer, to avoid answering some awkward questions about lack of in-country oil production and refinement.

I think some politicians are trying to avoid something a little bigger. Refinement is not really an issue, they have been running like 89% capacity for the past year. The in-country production is just a distraction from the larger picture.

Congress needs to spend some time and talk about what we do once we go into terminal decline.

http://www.energybulletin.net/node/45940

We are so close to the peak now that quibbles about the numbers cited here do not matter. My familiarity with the oil industry justifies many of the “hidden assumptions” I’ve made and did not have time to discuss. If you remain unconvinced that a peak of world crude oil production is not almost upon us, nothing I could say further will persuade you in any case.

As I said at the top, this is my official forecast and I will not revise it in the future. I will note for the historical record that in July of 2008 few Americans have come to grips with the implications of a permanent peak in the world’s oil supply despite the strong price signal we’ve seen for several years now. I have done all I could over the last few years to warn everyone about what’s coming.

My conscience is clear even as my concern remains high.
For me, the time has come to examine measures we might take in the post-peak world.

[Arraya]

I think some politicians are looking for an easy target to skewer, to avoid answering some awkward questions about lack of in-country oil production and refinement.

I think some politicians are trying to avoid something a little bigger. Refinement is not really an issue, they have been running like 89% capacity for the past year. The in-country production is just a distraction from the larger picture.

Congress needs to spend some time and talk about what we do once we go into terminal decline.

http://www.energybulletin.net/node/45940

We are so close to the peak now that quibbles about the numbers cited here do not matter. My familiarity with the oil industry justifies many of the “hidden assumptions” I’ve made and did not have time to discuss. If you remain unconvinced that a peak of world crude oil production is not almost upon us, nothing I could say further will persuade you in any case.

As I said at the top, this is my official forecast and I will not revise it in the future. I will note for the historical record that in July of 2008 few Americans have come to grips with the implications of a permanent peak in the world’s oil supply despite the strong price signal we’ve seen for several years now. I have done all I could over the last few years to warn everyone about what’s coming.

My conscience is clear even as my concern remains high.
For me, the time has come to examine measures we might take in the post-peak world.

[Author]

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