212 comments on DrumBeat: July 8, 2008
Comments can no longer be added to this story.
Show without comments | PDF version
212 comments on DrumBeat: July 8, 2008
Comments can no longer be added to this story.
Show without comments | PDF version
Search The Oil Drum with Google
Support The Oil Drum
Recently on TOD:World
TOD:Campfire
TOD:Europe
- Oilwatch Monthly November 2009
- Some predictions on the forthcoming Russian-Ukrainian gas 'crisis'
- The US stimulus and "green jobs" for wind energy
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- The Round-Up: October 24, 2008
- Compressed Air Energy Storage - How viable is it?
TOD:Australia/NZ
- Australian Senate: Peak Oil motion defeated 31:6
- The Bullroarer - Friday 20th November 2009
- The Bullroarer - Friday 13th November 2009
TOD:Net Energy
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
- Health After Oil
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- Calculated Risk
- The Crash Course
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
Peak Oil Primers
Beware email scams!
Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.
“The aim of every political constitution is, or ought to be, first to obtain for rulers men who possess most wisdom to discern, and most virtue to pursue, the common good of the society; and in the next place, to take the most effectual precautions for keeping them virtuous whilst they continue to hold their public trust.”
—James Madison, FEDERALIST #57 (1787)
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Nate Hagens, Gail the Actuary, Prof. Goose
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Heading Out, jeffvail, JoulesBurn, Sam Foucher, Robert Rapier
- TOD:Campfire: Glenn, Jason Bradford
- 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
- Emeritus: Stuart Staniford
- Technician: Super G
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
$140 out a 2013 seems like a steal, and no mucking about with the real world black stuff.
Mind you, buying a defunct station also sounds like an interest proposition, although I'll guess the tanks only have a finite life? A petrol station, a forest, some farmland - I wonder if there is anywhere where these are all close together?
The trouble with buying futures is the counterparty risk. If things are as bad as I think they might be by 2013, I'm not sure who'll be around to honour such a contract.
See my longer post below. If you are long and the price rises you can withdraw your profits. The market works this way precisely to reduce counter party risk. I agree that a contract requiring delivery of $140 oil in 2015 might not be honored if it is $500 then but if you are attentive you should have withdrawn most of the gain before the expiration date.
Thank you for your reply.
In today’s uncertain financial environment, it is essential to avoid counterparty risk wherever possible.
As opposed to performance risk-"mucking about with the real world black stuff."
A petrol station, a forest, some farmland - I wonder if there is anywhere where these are all close together?
Yes, there is. But I'm there already. 8D
BTW your statement reminds me of a Yazoo City, MS-Capital of Kudzu- joke.
Considering old gas stations on US HWY 49, the best way to mulch kudzu is with used oil and cinder blocks. 8D
You are taking the same counterparty risk buying the real stuff and storing it until 2013. People will take your money now, and sell you oil, but will the guy who comes to get the oil in 2013 bring you any money?
The risk may be higher or lower with actuals vs. futures, I don't know, but it's the same type of risk, and shouldn't be written off.
No. Because you've got the actuals in hand.
It's now "performance" risk. And who's talking about a guy coming in 2013?
And while you're waiting, you use it yourself( more on request).
The only way you get hurt is you can't afford to store it.
And if you can't afford to store it, you shouldn't be in the market anyway.
8D "mulch kudzu is with used oil "
lots better uses: some mixed w/ diesel, siphyon thru a fiber rope to clean & reuse,... then again can't eat those things; course u can mulch kud w/ lots of things.
KUDZU,
Coming to a "Filling Station" near you, soon:
http://domesticfuel.com/
http://www.firstfuelbank.com/history/default.asp
The First Fuel Bank in Minnesota, founded in 1982, lets their 8,000+ members lock in to fuel at present-day prices. I wonder what portion of their account holders are peak-oil aware?