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First recorded activity by BoatBanter: Jul 2006
Posts: 5,091
Default I'm glad fuel prices are dropping.


"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


 
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