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Old 06-04-2008, 08:53 PM   #11 (permalink)
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If you think of it as gambling, you shouldn't get involved in it. You will lose money. I've been able to more than offset my entire gasoline use on USO options.
Do you think there is no element of chance?

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Old 06-04-2008, 08:57 PM   #12 (permalink)
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tjts1,
Do you know how the timeframe works on the options?
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Old 06-04-2008, 10:11 PM   #13 (permalink)
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Options are different than futures, the buyer has no obligation to execute the contract on a option, hence the name option. Also options are on stocks and not comodities.
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Old 06-04-2008, 10:18 PM   #14 (permalink)
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Not everyone buying oil is a speculator in it for the short haul. A lot of people are buying it up to offset the rape at the pump. Also, your money is safer parked in oil than under your matress. The "core" inflation numbers don't factor in energy costs, and are therefore cooked. The Fed only wished it could devalue oil as much as greenbacks. I guess Ethanol is starting to do that.

All the Democrats who are lashing out at speculators and short sellers for the economy and gas prices have their heads way up their asses. It's merely a symptom, not a cause. Gas is expensive because:

1. The dollar is weak, thanks to ridiculous borrowing and entitlement welfare spending that has dwarfed even the bill for the Iraq war.
2. Increased demand from indo-china. (Europeans are throwing fits over gas prices too)
3. Ridiculously high emission standards requiring additional processing and additives which cripple BTU output.
4. Taxes.
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Old 06-04-2008, 10:30 PM   #15 (permalink)
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Originally Posted by JohnnyGrey View Post
All the Democrats who are lashing out at speculators and short sellers for the economy and gas prices have their heads way up their asses.
How is that even remotely civil?
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Old 06-04-2008, 10:42 PM   #16 (permalink)
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How is that even remotely civil?
Well they do. For example, watch this video:



Then tell me that this broad could run a McDonalds, let alone an oil company. Go ahead, I could use the laugh.
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Old 06-04-2008, 10:46 PM   #17 (permalink)
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Speaking of things being up the wrong places
"For the way off-topic topics (lighter stuff). Political discussion? ONLY topics directly related to efficiency are allowed. And keep it civil!"
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Old 06-04-2008, 10:47 PM   #18 (permalink)
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Well, you can't get too deep in oil without hitting politics. What can you do.
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Old 06-05-2008, 11:18 AM   #19 (permalink)
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Duffman,
I had a brain fart. I meant futures. Gah. I hate it when that happens.
How does the delivery date work on futures.

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