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I've never traded energy in a personal account, only institutional/commercial so tough to say but if I were you I would primarily use TA to take positions in short dated futures. Having said that, NYMEX and ICE are pretty transparent, it's when you get into basis swaps, exotic options, etc...

http://www.nymex.com/notice_to_member.aspx?id=ntm506&archive=2005

Ggoyal - Sent you a message

If "speculators" push crude oil from $100 to $50 in the coming year, would speculators be blamed for this as well? Sure, speculators have added to higher energy prices but it can't be ignored that most commodities have moved significantly higher over the past few years, it's not just...

You hit the nail on the head. If the US tries to increase regulation, the liquidity will simply shift to London, Singapore, Calgary, etc. There is plenty of liquidity in look-a-likes (essentially identical to NYMEX contracts except they're bilateral and cash settled) in the OTC market, enough...

If I were looking for '10 CL options right now I would only go OTC. The b/a in the pit will be ridiculous and the liquidity on globex cl options isn't very deep beyond the prompt 12 months, although it's slowly starting to improve. Your best bet is probably trying to find a shop that will make...

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The pit guys have become dinosaurs, take a look at how much volume is done on Globex these days vs. the pit. They're even starting to lose the volume in short dated options to the screen. As soon as you can trade outright option spreads on the screen the floor is done.

GS has plenty of insight into oil but you'll never see it released to clients as the rubbish research they publish comes from their fixed income and equity groups, not J Aron. Same goes for the 99% of all sell-side research.

Is Optionable really still in business? I can't imagine any reputable shop doing business with them these days between Globex and all of the OTC brokers listing options on Trayport.

Anyone interested in sharing office space in Houston? My current lease is expiring soon, looking at several places in Greenway, Galleria, and Montrose. Potential spaces would each have several offices that average 175-200 sq ft. Cost would probably be in the $350/month range including...

Your argument is completely false. Traditional energies aren't yet expensive enough for the "alternatives" to become true economic substitutes when you exclude the tax incentives/subsidies. Oh, and those incentives/subsidies are being instituted by the govt, although not because it's...

What's your point? Do you the regulators to change the rules so that NYMEX and ICE products can only be traded by US based traders and entities? Crude and refined products are global markets. If the trades aren't executed by US based traders on the NYMEX, ICE or in the "US" OTC market, the...

Yours at $299/BBL, how much size do you want there?

First off, don't simply apply to the formal programs, then you're playing the 1/1000 numbers game when you could be playing 1/50. Find the names of dept/desk heads and contact them directly, bypassing the gatekeepers in HR. You might have to write/call 100 of them several times but it will...

As far as the peak oil argument, it's not even worth arguing, it's been beat to death and very few are interested/willing to engage in a politically unbiased, fact based discussion on the subject, not to mention it's damn near impossible to determine what statistics are in fact true due to the...

Clearly you don't understand the oil markets. The volume of oil imported from Iraq into the US is a drop in the bucket compared to Canada, Saudi Arabia, Mexico and Venezuela, in that order.

Also released today: http://www.eia.doe.gov/emeu/steo/pub/contents.html

http://www.nymex.com/media/energyhedge.pdf

Dow Jones Energy News is the best bang for the buck for crude and refined products news, 150/month through CQG, etc.