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What is your point? The OP says his father's accident made him realize that money is a trivial consideration when balanced against the life of his father. The guy Span quoted said when his life was threatened by a mugger with a knife but it changed his focus not so much. He was STILL...

I agree, it is especially dishonorable ( slimey, cowardly, and cheap) to criticize Spanish as never posting a loss, and then making fun of him when he posts a loss.

Did you get the 100 ticks between 41.10 and 40.10 Spanish?

Good artical!

Yeah! There was a BBC special on the distopia that is American Health Care. Not shown in the US , but the US system is the one with which the Brits scare small children . And the government ALREADY spends nearly 4000 per capita on health care through our subsidies to teaching...

They already are. Many oil patch stripper well pumps in the US turned off. Good time for maintainance anyway. Oil low, weather not broiling.

So If people who make steel and bend steel, drill for oil and refine it, are parasites what does that make those who make money trading?

gnome or should I call you Grover (Norquist)? Your free market, free trade, thief pals sucked EVERYTHING DRY, (they must be the gubberment?) They sure were! Hopefully we will now have a GOVERNMENT that will let the Army do it's own laundry and cook it's own meals, and let the Navy...

Their labor creates transport. What does yours create?

The US Shell refinery worker's union contract expired today but they decided not to strike tomorrow. If they had, there would have been no place to put the oil. We can rally a it now. but if "they" jerk it above 50, and make too many counter intuitive moves on low demand, then more...

We did a lot better when we had free public University tuition. One of the greatest wealth creating measures in this country, and something that most western Democracies have. As for privatizing everything, tell that to the NG guys that are coming back with zits all over because KBR can't...

FYI for those outside the US. Here is the 60 Minutes story on Morgan Stanley, Goldman and oil. MS and G are also the founding members of ICE. Last Spring, Congress was investigating the possibility of insider ping-pong between ICE partners to drive up the price of oil. Under pressure...

Be spoonfed slanted half-truths for the lazy. Or actually READ the proposed Stimulus ACT. Your choice. http://finance.senate.gov/sitepages/leg/LEG%202009/012309%20chairman%27s%20mark%20of%20the%20American%20Recovery%20and%20Reinvestment%20Act%20of%202009.pdf

Spanish Try to be patient until 16:00 GMT.

Set your stops and walk away? Listen Spanish, you know what you are doing. Calm down and stick to your plan.

Spanish: Got your 41.80 did you get out?

Spanish I very much enjoy this thread. I had never heard of spread betting or thought about trading oil until I began to read it. You are a brilliant young man but you are blowing it for the lack of some simple housekeeping and planning skills. At the rate you are going you are going...

EXTREMELY good find.

Spanish Breeeeeth If you get a regular brokerage account there is another option so to speak. Look up Synthetic futures. Buy a CALL when you sell and a PUT when you buy for risk management instead of using stops. That way you can sleep without being scared.

Here in the US there were Congressional hearings last summer where a honcho from Morgan Stanly told the commitee that the financial instututions were not driving up the price of oil with their speculation. They lied. On 60 minute on Sunday they said that MS's futures position via private...