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You forgot speculators
Posted by Bruce (more from Bruce) on Sat, 3 Mar 2012 21:00:14
In Reply to: Costs of fuel... world market forces, Dean, Fri, 2 Mar 2012 11:07:47
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It use to be speculators did not take possession, so they they did not want to be the last one holding the option as they essentially could not use it.. well that has all changed, a number of big investment banks now own oil storage facilities. So now they can effect supply.
And if your pockets are not deep enough to invest in a storage facility, but still deep enough, you can just pay for a tanker to do laps off shore hoping the price goes up before it has to dock.... even a small price move on a couple million barrels can be a big payday.
posted by 75.28.18...
Posts in this Thread:
- Costs of fuel... world market forces, Dean, Fri, 2 Mar 2012 11:07:47
- You forgot speculators, Bruce, Sat, 3 Mar 2012 21:00:14 <-- Viewing This Message
- Re: Costs of fuel... world market forces, Reality, Fri, 2 Mar 2012 14:44:12
- Re: Costs of fuel... world market forces, James, Fri, 2 Mar 2012 11:54:20
- A chicken in every pot..., dtech aka cheaptech, Fri, 2 Mar 2012 11:24:28
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