View Single Post
  #15   Report Post  
NOYB
 
Posts: n/a
Default


"thunder" wrote in message
...
On Tue, 26 Oct 2004 16:38:55 +0000, NOYB wrote:


You don't know what you're talking about. Saudi Arabia has greatly
increased supply to far outpace increased demand. The current prices
aren't a supply and demand issue. There's plenty of supply. What's
driving the prices is speculative purchasing of future oil contracts by
some anti-Bush folks.

If you were smart, you'd short oil futures for the weeks after the
election. No matter who wins, they'll come crashing down...and Soros and
company will walk away that much richer.


Now I'm confused. If Soros is buying oil futures driving up the price,
how is he going to make money when the price crashes?


He won't. Although he'll make money *initially* when he starts dumping his
contracts after the election, when prices finally crash, he'll be stuck with
a bunch of contracts that he'll never exercise. That's the price he has
decided to pay in order to defeat Bush.


"Asked whether he would trade his $7 billion fortune to unseat Bush, Soros
opened his mouth. Then he closed it. The proposal hung in the air: Would he
become poor to beat Bush? He said, "If someone guaranteed it."