Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: BobL

But you said you bought oil futures. How would being able to take delivery of a few barrels of oil possibly help to run your car?


55 posted on 01/19/2009 8:33:50 PM PST by Lurker ("America is at that awkward stage. " Claire Wolfe, call your office.)
[ Post Reply | Private Reply | To 54 | View Replies ]


To: Lurker

You haven’t seen my garage.

Seriously, it’s not futures...it’s an index that (more or less) tracks the price of oil...but it trades like a stock. They index managers have to deal with the futures and have to remember to sell them prior to delivery and then buy the next round, or they’ll have a Superfund site at their office.


56 posted on 01/20/2009 3:33:24 AM PST by BobL
[ Post Reply | Private Reply | To 55 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson