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.
Food for thought
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.
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.
1 - 3 of 11 Posts
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....
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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.
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.
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.
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.
1 - 3 of 11 Posts
