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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 (63081)6/8/2006 8:52:46 AM
From: gregor_us  Read Replies (2) | Respond to of 110194
 
What's Interesting WG (Darf.) is How quickly the CL Futures Market

learns (is learning) that Iraq and Iran are not the large, structural pilings beneath price of crude most had assumed. I noticed in your exchange with Lance Lewis some time back, that when challenged to quantify the premium(s) myth in the price of oil, he retreated quickly to a concensus argument(flaw): "C'mon, everyone agrees the premiums are there."

So it's been interesting, imo, to watch "iran" basically get taken "out" over the last 6+ weeks, while everyone is convinced it's still "there." This AM, CL is stubborn at 70.00.

Regards,

LP

PS: I really do need to read some Gaddis.(sp.)



To: Wyätt Gwyön who wrote (63081)6/8/2006 2:14:51 PM
From: ild  Read Replies (1) | Respond to of 110194
 
MOSCOW, June 8 (Itar-Tass) - The Russian Trade System (RTS) on Thursday begins to trade in oil of Urals brand, diesel and aircraft fuel as well as fuel oil for roubles. Up for bidding are rated futures and options for oil and petroleum products with maturity right up to June 2007. Exchange trade in gold will also be started for the first time.

tass.ru