212 comments on DrumBeat: July 8, 2008
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212 comments on DrumBeat: July 8, 2008
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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/