"Vic Smith" wrote in message
...
On Tue, 11 Mar 2008 20:40:42 -0400, "Eisboch" wrote:

Lost track of the thread, but this seems to support your theory regarding
oil:

http://tinyurl.com/2z83cc

Eisboch

Might be that those buying the puts are rolling in the bucks their
long oil positions gave them. Simple spreading of risk.
I didn't look at the premiums.
There's no real reason for oil to pull back significantly.
And every reason for it to rise.
Oil is not a replaceable commodity.
Oil is not oats, corn, beans, etc.
Just plant more acreage when prices are high, and watch the
supply/demand cycle at work.
Can't do that with oil.
You use it and it's gone.
Fact of life on the planet Earth.
Mad Max is coming.

--Vic

If you haven't already, you may want to do some reading at this site:

http://www.lifeaftertheoilcrash.net/