Posted on 12/10/2014 9:15:08 AM PST by Chad_the_Impaler
On Wednesday, Brent crude broke $64 a barrel while WTI crude broke $61 for the first time since 2009.
Both benchmark oil indexes were down more than 4%.
Brent got as low as $63.72. WTI got as low as $60.55.
Read more: http://www.businessinsider.com/oil-prices-drop-december-10-2014-12#ixzz3LW4F7cMt
(Excerpt) Read more at businessinsider.com ...
Can you explain what you are talking about? The only CL I know is Colgate Palmolive. I assume you are referring to some kind of oil derivative, etf or option. What strategies are you referring to that would earn that kind of return?
WTI still a little under $61 at the time of this comment. Thackney’s been educating us with some good information. Maybe we’ll learn even more, if the drivers of the price trend continue.
WA Ping
While that is essentially true as far as what we see there is always the hidden moves that are continuing to erode our rights and property. We have been irrevocably harmed by Chris Gregoire's executive orders giving wide ranging powers to the department of ecology. The worst of what that agency is working on in their hidden conference rooms hasn't even begun to surface yet.
You’ll be lucky to be able to catch and eat snowflakes as they fall...........
“Instead, the oil market is seen as having been distorted by
substantial and volatile flows of financial investments
in deregulated or poorly regulated crude oil derivatives instruments”
CL is the symbol for crude oil futures
“Instead, the oil market is seen as having been distorted by substantial and volatile flows of financial investmants in deregulated or poorly regulated crude oil derivatives instruments”
That sounds like the place where skullduggery might happen and information is the priviledge of a connected few.
IMHO
How does anyone afford to go anywhere in California? Every time I have been there the freeways are jam packed and I am sitting in stalled traffic for veery long amounts of time. It would seem you’d burn a tank of gas every few days just trying to get to work and back.
As someone who trades CL every day that looks quite easy looking at the chart in retrospect. We trade from the hard right edge only in real-time.
Not saying it's not possible, it's just different in real-time with real $.
At 7mph you get pretty good mileage.
LOL. Everybody’s got 20/20 vision looking back.
I’m on a foundation board. We were talking about this in a board meeting, and the folks who run the fund have a industry leading Islamic fund.
Here’s the deal:
1. Has nothing to do with NorthAm fracking.
2. Has everything to do with Iran.
3. There are two axis forming around Sunni v. Shiite in the ME
Saudi/Egypt/Jordan/Israel v Russia/Syria/Iran
Iraq is so hosed they don’t matter.
Then you have the Kurds, who everyone Muslim seems to be afraid of.
SA is artificially dragging down the price of crude to starve out Russia/Iran.
What nobody is talking about right now are:
1. Russia’s military is in pretty bad shape.
2. The Ruble is toast. Predicted to end the year at 67 to the dollar. It’s at 54, and the year isn’t over.
We were 71% stock/ 29% bonds. We voted to go to 50% stock /29% bonds / remainder in cash.
I know. I used to trade a lot of futures. Poor luck with YM/ES, outstanding luck with CL and EUR.
Have not seen that yet here in NE OK
No Sh@#$T
LOL
of course when you’re sitting (which is a high percentage of their cycle), you get zero mpg, unless you have the engine shutoff feature.
Then you do maintenance like UPS where you replace the starter at every oil change....
No, gas powered cars tend to get the best mileage once they get into high gear and move engine operation to the lower BSFC operating region near the torque peak.
How long do the batteries last?
Starter motors could be built with enhanced bearings, gear engagement systems and become brushless....
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