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Here's why a major hedge fund is betting oil prices will rise
Calgary Herald ^ | May 4, 2015 | pdtechintegration

Posted on 05/05/2015 4:35:05 AM PDT by thackney

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1 posted on 05/05/2015 4:35:05 AM PDT by thackney
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To: thackney

Cuz they always rise??


2 posted on 05/05/2015 4:45:03 AM PDT by Sacajaweau
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To: Sacajaweau

Except when they fall.


3 posted on 05/05/2015 4:45:58 AM PDT by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves Month")
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To: thackney

Any big money “revealing” what they are doing is telling a lie. Hide and watch, wait and see.


4 posted on 05/05/2015 4:46:03 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: thackney

Six months ago, diesel was almost a dollar more than regular gas. Now it’s a little cheaper than it was, but it is roughly the same price as regular gas. At least it was on my drive yesterday from Chicago, through Indianapolis and Louisville.

I don’t know what that means, other than there is apparently the usual manipulation going on.


5 posted on 05/05/2015 5:05:41 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: thackney

We can’t have a breather for the little people last too long, can’t we? s/


6 posted on 05/05/2015 5:10:37 AM PDT by 05 Mustang GT Rocks
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To: thackney

What’s the price that spurs the completion of the number of un-fracked wells?


7 posted on 05/05/2015 5:11:38 AM PDT by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: cuban leaf

If you consider demand for distillates (diesel, fuel oil) is higher in winter, higher still in colder than normal New England winters, manipulation....

Do you think oil companies like gasoline consumers more than diesel consumers so they gave them a break?


8 posted on 05/05/2015 5:13:37 AM PDT by thackney (life is fragile, handle with prayer)
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To: T-Bird45

Higher prices will result in more wells completed, lower prices will result in less.

There is no single magic number. The cost of completion and the break even cost vary by field and even locations in the same field.


9 posted on 05/05/2015 5:15:11 AM PDT by thackney (life is fragile, handle with prayer)
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To: cuban leaf

I noticed that yesterday here in northern AZ. Diesel was 2 cents cheaper at 2.67. Seems like it happened overnight


10 posted on 05/05/2015 5:27:29 AM PDT by winodog (hang on tight to Gods salvation)
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To: thackney

This year was a recent anomaly. I’ve lived in central KY now for four years and have watched diesel because with my 120+ mile round trip commute I was considering a diesel car and realized that the diesel was expensive enough to more than ruin any savings from better fuel mileage. Winter, spring, summer or fall.

But now it’s the same price as regular.

On a side note, when I was a kid in the 60’s (and early 70’s) it was always a given that gas was more expensive in small towns and rural areas than it was in the city. Now it’s the opposite. I guess if you are gonna want to over-charge people, you want to overcharge the most people.


11 posted on 05/05/2015 5:50:02 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: cuban leaf
On a side note, when I was a kid in the 60’s (and early 70’s) it was always a given that gas was more expensive in small towns and rural areas than it was in the city. Now it’s the opposite. I guess if you are gonna want to over-charge people, you want to overcharge the most people.

It is supply and demand. More people with fewer sites per capita available. Not to mention the property cost/rent downtown versus a rural location

12 posted on 05/05/2015 5:57:06 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

It is supply and demand. More people with fewer sites per capita available. Not to mention the property cost/rent downtown versus a rural location


Except my point is not that it’s more expensive in the city. My point is that it USED TO BE more expensive in the small towns and rural areas. But it has flip-flopped.

That last sentence is my point. Something changed.


13 posted on 05/05/2015 6:01:07 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: thackney

It is supply and demand. More people with fewer sites per capita available. Not to mention the property cost/rent downtown versus a rural location


I should add that it made sense back in the day. Fewer customers for the same product and less competition should mean higher prices. Having moved to a rural area I notice that at play in most everything else except for one area: stuff that is labor intensive is cheaper in rural areas because the wages are lower. That and fuel, for some reason.

Everything else is more expensive, and why we do our shopping for “big” stuff in the city now. (i.e. Costco).


14 posted on 05/05/2015 6:03:34 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: cuban leaf

In some rural places, it still is more expensive. Where located far from refineries, terminals, little traffic and little choices for other stations, it can be quite high. But those tend to extreme places, complete with the “last gas for 100 miles” sign, even if not true.

I haven’t experienced the reversal you speak of.


15 posted on 05/05/2015 6:05:39 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Yes, there is a station at Ross Lake in Washington state that gouged the heck out of me. We’re tlakin’ over $2 a gallon when the average price was $.89. But like you said, it was REALLY out of the way and it was either there or grab a gas can and walk a long ways.

While were on the subject, I noticed where I now live, KY, the gas prices have a predictable pattern, the likes of which I’ve never seen before. In Seattle (my home for 45 years) gas would go up a penny or two, and go down a penny or two. it was like an undulating ocean surface. If prices were making a big change in one direction or another over a long period, the “ocean surface” would slant up or down, but it was relatively gradual.

Here in KY, It’s a sawtooth. It goes down gradually. A penny here, two cents there. But it goes up like a rocket. I’ve actually seen, with no news whatsoever to justify it, the price go up as much as $.47 in a single day. And it’s not a station here or there. I would drive out of town (Etown at the time) and gas was $3.15 at every single station, regardless of brand. And then go to work the next morning and every single station was at $3.54. All brands.

People tall me it’s always been that way.

And Chicago has always been corrupt. That don’t make it right.


16 posted on 05/05/2015 6:15:50 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: cuban leaf
I've seen the same in Ohio. I think it may be caused by not enough competition in the supply chain, but only guessing.


17 posted on 05/05/2015 6:32:08 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

If you look at the record of hedge funds the last five years, you’d take their advice with a big chunk of salt.


18 posted on 05/05/2015 6:35:44 AM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: Sacajaweau

Bingo! Hahaha... Rocket science!


19 posted on 05/05/2015 6:37:26 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: thackney

Gas is creeping back up for sure.


20 posted on 05/05/2015 6:38:32 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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