[OceanChaser]

Just fastforwarding to what our conversations will be in a few months.


OC: So CanyonFVR...How is fishing?
CF:Well OC...Fishing is great but with Gas prices at $6.70 a gallon right now it is not as fun as it used to be.
OC:WOW...$6.70 a gallon. I paid almost 7.00 yesterday.


The Govt needs to remove oil and gas along with numerous other commodities from being freely traded.
A hedge is one thing but this is rediculous.
There is no more or little gas now than there was several month ago.
It is amazing what the human race can do to make it increasingly more difficult for ourselves.
Do we really care about each other. I really think not sometimes.

 

[canyonfvr]

i was looking at the fuel prices thread gas has jumped almost $75 cents a gallon since last october

we were complaining bout it being @.15 a gal in 05 i wish it was that cheap again

 

[OceanChaser]

i Truely fear we will be having this conversation in the coming months...sad is all I will say. I sometimes wonder why I had kids.
It's all good though.

 

[MakoMike]

If you really think that the price of gas is going to continue to rise at this pace you could just hedge your risk by buying gas futures on the Merchantile exchange.

 

[Fishbust]

Priorities...

OceanChaser wrote:
Just fastforwarding to what our conversations will be in a few months.

OC: So CanyonFVR...How is fishing?
CF:Well OC...Fishing is great but with Gas prices at $6.70 a gallon right now it is not as fun as it used to be.
OC:WOW...$6.70 a gallon. I paid almost 7.00 yesterday.

The Govt needs to remove oil and gas along with numerous other commodities from being freely traded.
A hedge is one thing but this is rediculous.
There is no more or little gas now than there was several month ago.
It is amazing what the human race can do to make it increasingly more difficult for ourselves.
Do we really care about each other. I really think not sometimes.


This is the U.S. In the U.S., money is put above everything else. This is something that will not change.

You won't see a healthcare program that is for everyone like in Canada ever happen here in the U.S. Insurance, like everything else here is a big money making business, money is first. There is a movie out about health insurance in this country and other countries that is interesting. It shows just how little human life means here and how important money is, right up the chain.

So money is first, politics is second. Politics sent our soldiers (friends/neighbors/relatives) to die in Hummers that didn't have any armor in them because "they" were in a hurry and didn't want to take the time to armor them up.

Ok, people can be third on the list.

If you watch that movie, you will see how gas prices are the least of our worries. All our gas burning toys are luxury items. If we cannot afford to play with the toys, sell them.

 

[goodeats]

MakoMike wrote:
If you really think that the price of gas is going to continue to rise at this pace you could just hedge your risk by buying gas futures on the Merchantile exchange.

Encourage non-market participants to get into the commodity futures trading business....

 

[MakoMike]

goodeats wrote:
MakoMike wrote:
If you really think that the price of gas is going to continue to rise at this pace you could just hedge your risk by buying gas futures on the Merchantile exchange.

Encourage non-market participants to get into the commodity futures trading business....

New Entrants into the markets arrive every day. Also I didn't encourage them to "business" I pointed out that the could hedge their future costs, a far different proposition.

 

[OceanChaser]

yes...but either way you succeeded in getting me.

 

[goodeats]

MakoMike wrote:
goodeats wrote:
MakoMike wrote:
If you really think that the price of gas is going to continue to rise at this pace you could just hedge your risk by buying gas futures on the Merchantile exchange.

Encourage non-market participants to get into the commodity futures trading business....

New Entrants into the markets arrive every day. Also I didn't encourage them to "business" I pointed out that the could hedge their future costs, a far different proposition.

Yea, and then they get a phone call from the exchange, "sir, where would you like your 42,000 gallons of gasoline delivered to?" which is what one contract settles into.

This post edited by goodeats 03:27 PM 04/18/2008

 

[MakoMike]

goodeats wrote:
MakoMike wrote:
goodeats wrote:
MakoMike wrote:
If you really think that the price of gas is going to continue to rise at this pace you could just hedge your risk by buying gas futures on the Merchantile exchange.

Encourage non-market participants to get into the commodity futures trading business....

New Entrants into the markets arrive every day. Also I didn't encourage them to "business" I pointed out that the could hedge their future costs, a far different proposition.

Yea, and then they get a phone call from the exchange, "sir, where would you like your 42,000 gallons of gasoline delivered to?" which is what one contract settles into.

If you don't want to take delivery you can just sell the contract before the settlement date. Take the gain or loss and add it to your fuel bill. This ain't rocket science.

 

[goodeats]

Thanks, my point being that "new entrants" might not know that and all of a sudden they have 42k gallons of gas to think about it. The commodities futures market is no place to dabble in. Go google Amaranth and you'll see what I mean. And those guys weren't exactly new entrants.

This post edited by goodeats 07:36 PM 04/18/2008