 | How Would You Manage Saudi's Reserves? | The Oil Drum | A Public Transport And Green City Manifesto For The Federal Election |  |
The contents below are paid advertisements. Their appearance does not imply an endorsement by The Oil Drum.
“He that will not apply new remedies must expect new evils, for time is the greatest innovator.”
—Francis Bacon, Essays
Search The Oil Drum with Google
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Prof. Goose, Heading Out, Stuart Staniford, Nate Hagens
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Gail the Actuary, jeffvail, JoulesBurn, Khebab, Robert Rapier
- TOD:Local: Glenn
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Technician: Super G
Recently on TOD:World
TOD:Local
- Ask not what your next President can do, Ask what you can do for your tribe
- Summer Streets a Success!
- Plan for Hydro-Fracture Drilling for Unconventional Natural Gas in Upstate New York
TOD:Europe
- UK - Stansted Airport expansion gets go-ahead
- RAMseS: a new agricultural paradigm
- RAMseS: a new agricultural paradigm
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- Compressed Air Energy Storage - How viable is it?
- Oil Megaproject Update (July 2008)
TOD:ANZ
Peak Oil Primers
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- The Big Picture
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- The Energy Blog
- Entropy Production
- European Tribune
- GraphOilology
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- Calculated Risk
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
Robert, My name is Patrick Kerr I run a commodities brokerage specializing in energy trading/investing called OilGasFutures.Com...To answer your question if you placed a "Market" order 1 second after the report came out you could expect to be "filled" instantaneously, if you wanted to make sure you get filled at a specific price you can place a "Limit" order stating your price and you will be filled at the exact price you state (or better) if that price point is hit...Trading the inventory reports has presented some great trading/investing opportunities this year...we work with all levels of traders/investors---if you or any of your readers have any questions or need further explanation--let me know----Patrick Kerr
This is hogwash, and a sales pitch.
Anyone here can verify that you will not be filled instantly on an order placed 1 second after the report came out. You can verify it by trying it yourself on something like USO.
Go and try placing a sell order 1 second after a report shows a strong inventory gain. If you give a market order, which means no price specified, you will see an unusual delay in filling the order, even a dinky order like 100 shares of USO, and then the order will get filled at a bad price nowhere near what it was when you placed the order.
If you place a limit sell order at a price anywhere near what it was just before the report came out, the order will not get filled.
Yeah, it has presented great opportunities for experienced traders to rip off newbies who believe posts like this.
Yo Moe - Thanks for that.
Sincerely.
I am so disapointed in Americans right now that it's nice to see ANY display of righteous indignation.
Cheers!