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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (19159)	9/28/2004 5:37:25 PM
From: Condor	Read Replies (1) \| Respond to of 110194

Now the retailers are asking the consumers to hedge. Was talking to a chap today and his home oil supplier asks him to decide on one of three options. Option #1: sign a contract for one Yr. at $ xx per unit and its guaranteed at that price. If the market price goes below that though, he'll get that rate. Option # 2. If he pays $ XX which is a bit below the first option , he is fully locked into that price. If the market price goes below..tough luck but if it stays above he's OK. Option # 3: No contract and pay as you go at market prices. He said to me. What would you do? I answered " burn wood". Seriously though..I think high oil prices are here to stay. I don't feel $ 60 - $ 70 bbl will come or stay but I do feel $ 40-50 bbl are here for a long time. C