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Food for thought

998 Views 10 Replies 5 Participants Last post by  goodeats, 
O
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.
:confused:
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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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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
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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
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