SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (74358)9/23/2000 12:15:30 PM
From: Telemarker  Read Replies (1) | Respond to of 95453
 
One thing puzzling me:

If the refiners haven't been buying crude because they've been waiting for the price to drop, who has been buying crude so aggressively lately? Hard for me to imagine that speculators would commit to the future delivery of so much crude (this has been quite the large run in crude) when the commercials are so negative.

Agree that Saddam will be watching very closely to see how the logistics of this SPR and refining thereof play out.

Funny, I remember my daughter crying the night Clinton was first elected in 1992. She was 8 at the time, and really wasn't prone to emotional displays. When questioned, she told us that she just didn't like "that man", that there was something wrong about him. My wife and I voted for Clinton/Gore that day (blush), and our daughter will never let us forget it.

Regards,



To: Think4Yourself who wrote (74358)9/23/2000 12:21:16 PM
From: SJS  Read Replies (1) | Respond to of 95453
 
John,

That's true in real terms, but many of these guys employ option/commodity hedges for these things, so it's not an absolute loss of $5/barrel if stored at 35, and crude decreases in price to 30.

The guys that moves the oil across the ocean doesn't get more or less for it if crude goes up or down while in transit.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News