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#61
posted to rec.boats
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I'm glad fuel prices are dropping.
Eisboch wrote:
"D.Duck" wrote in message ... One thing I forgot to point out is that the prices for oil you hear quoted in the news every day are for futures contracts. And that price is for a contract to be delivered in the following month. When we saw those $145/barrel prices, that was for futures contracts and I'd bet no product actually changed hands at that price. That's where the speculators lose money. Bingo. Eisboch Gee, is there any chance the speculators lost *all* their money? And if they did, can they apply for a bailout from the US taxpayers at the same time they decry socialism? :) |
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#62
posted to rec.boats
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I'm glad fuel prices are dropping.
"Eisboch" wrote in message news  "D.Duck" wrote in message ... One thing I forgot to point out is that the prices for oil you hear quoted in the news every day are for futures contracts. And that price is for a contract to be delivered in the following month. When we saw those $145/barrel prices, that was for futures contracts and I'd bet no product actually changed hands at that price. That's where the speculators lose money. Bingo. Eisboch Yeah, they didn't want several thousand barrels of oil setting on their front lawn. |
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#63
posted to rec.boats
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I'm glad fuel prices are dropping.
..
-- A Harry Krause truism: "It's not a *baby* kicking, beautiful bride, it's just a fetus!" [A Narcissistic Hypocrite] |
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#64
posted to rec.boats
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I'm glad fuel prices are dropping.
On Mon, 20 Oct 2008 19:21:22 -0400, "D.Duck" wrote:
"Eisboch" wrote in message news "D.Duck" wrote in message ... One thing I forgot to point out is that the prices for oil you hear quoted in the news every day are for futures contracts. And that price is for a contract to be delivered in the following month. When we saw those $145/barrel prices, that was for futures contracts and I'd bet no product actually changed hands at that price. That's where the speculators lose money. Bingo. Eisboch Yeah, they didn't want several thousand barrels of oil setting on their front lawn. Delivered in North Sea herring barrels, in horse drawn wagons,of course. Casady |
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#65
posted to rec.boats
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I'm glad fuel prices are dropping.
-- A Harry Krause truism: "It's not a *baby* kicking, beautiful bride, it's just a fetus!" [A Narcissistic Hypocrite] |
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