<How fast should you boil a frog? The Oil Drum "Dangerous Anthropogenic Interference">

144 comments on Thursday Open Thread...

Comments can no longer be added to this story.

| Show without comments | PDF version

DuncanK on February 2, 2006 - 9:35pm Permalink | Subthread | Comments top
Can someone tell me what the difference is between the Light, Sweet Crude chart here and at PeakOil.com?

I copied these two images the other day:

This one was from TOD:

and this was from PeakOil.com:

They look like identical charts apart from the numbers at the side.

Which one is 'right'?

Comments can no longer be added to this story.
Leanan on February 2, 2006 - 9:38pm Permalink | Subthread | Parent | Comments top
I think PeakOil.com is for a future month.  I can't remember how far in the future, but IIRC, their chart isn't looking at the current contract.
Comments can no longer be added to this story.
DuncanK on February 2, 2006 - 10:20pm Permalink | Subthread | Parent | Comments top
Yes, but trading on two different months wouldn't look identical, would it?
Comments can no longer be added to this story.
Prof. Goose on February 2, 2006 - 10:26pm Permalink | Subthread | Parent | Comments top
the spread can actually vary quite a bit over months...
Comments can no longer be added to this story.
Leanan on February 2, 2006 - 10:32pm Permalink | Subthread | Parent | Comments top
Not identical, but they often look very similar.  Since the same events affect futures contracts.  Especially since it's not very far in the future.

Here's the link to the PeakOil.com chart, if it helps:

http://www.advfn.com/p.php?pid=staticchart&s=NYM^CLJ6&p=0&t=7&dm=0&vol=0&cb= 1138080214

Comments can no longer be added to this story.
Prof. Goose on February 2, 2006 - 10:33pm Permalink | Subthread | Parent | Comments top
yep, that's J6.  I don't know off the top of my head if that's April or May, but a search on CLH6 and CLJ6 would yield the answer.
Comments can no longer be added to this story.
Nate Hagens on February 2, 2006 - 11:51pm Permalink | Subthread | Parent | Comments top
Jan - F, Feb - G, Mar -H, Apr - J, May - K, Jun - M, Jul -N
Aug - Q, Sep - U, Oct -V, Nov -X, Dec - Z

April crude is about 75 cents higher than march -seasonal factors, etc (Natural gas months are very different depending on time of year, crude are very similar)

Comments can no longer be added to this story.
Prof. Goose on February 3, 2006 - 12:54am Permalink | Subthread | Parent | Comments top
is it just me or are those letters completely without meaning?
Comments can no longer be added to this story.
Oil CEO on February 5, 2006 - 5:36am Permalink | Subthread | Parent | Comments top
No, it must be you. I'm pretty sure there's a "g" in February.
Comments can no longer be added to this story.
Prof. Goose on February 2, 2006 - 9:38pm Permalink | Subthread | Parent | Comments top
does peakoil.com have a different month?  Ours is H6, which is March.  The February contract closed on the 23rd of JAN...

or perhaps they are looking at April?  can you dig out the url from the source?

Comments can no longer be added to this story.

144 comments on Thursday Open Thread...

Comments can no longer be added to this story.

| Show without comments | PDF version