An oil/energy post even musclecarjohn will like

Discussion in 'The BS Topic' started by Rick WI, Aug 4, 2008.

  1. li0nhart123

    li0nhart123 Veteran Member

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    http://www.heritage.org/Research/Iraq/wm217.cfm

    From 2002....."U.S. companies can no longer deal directly with Iraq for its oil imports. U.S. companies are forced to deal with third party vendors as a result of a ban on all American companies imposed by Iraq."

    ....all if this changed in 2003 after the invasion...what a coincidence!!...mind you...the oil ain't flowing as freely as the gov had expected it to after liberation.
     
  2. Aceshigh

    Aceshigh Veteran Member Lifetime Gold Member

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    Interesting....thanks, if it lives up to the point, I'm archiving this for future talks.
     
  3. La.Z8

    La.Z8 Veteran Member Lifetime Gold Member

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    I do hope that natural gas stays at a nice constant $ as I live and have other property dead on top of the newly found Haynesville Shale,[very lg gas reserves]property is leasing at silly $ amounts,[cha ching]. The area around where I live is doing very well, housing is still stable, houses are still being built and selling often.
     
    Last edited: Aug 8, 2008
  4. 76_TypeLT

    76_TypeLT Veteran Member Lifetime Gold Member

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    Remember that you are quoting an oil futures contract, which is merely a benchmark for physical crude. While a lower benchmark would mean a lower physical price, we don't know what the differentials to the futures price is doing, which will paint a clearer picture. There is the misconception that the NYMEX futures price is THE price, which is not correct. This is just something to consider, not an end-all be-all answer.

    But I always tell people who think they are getting screwed at the pump to invest in refiners and energy companies to hedge themselves :)
     

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