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To: TideGlider who wrote (4292)10/3/1999 11:35:00 AM
From: Janice Shell  Read Replies (2) | Respond to of 7056
 
I just got a PM from a friend who used to work in the oil biz. He says:

You mean you didnt find any promissory notes for oil wells???? Thats because there aint no such thing <LMAO> But there are contracts for delivery... thing is you have to produce oil to write the contract.

So whatever "promissory notes" LFT is talking about, they're not a normal part of the oil business. As my buddy points out, if you want a play on forward prices, you buy or write futures contracts.

What's Jeannette up to now?