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100% right.

Because Nat Gas is a local commodity, Crude oil is a global one. On paper, If you are a Oman Crude oil producer and the USD devalue against your currency you will ask for more dollars for your product, you don't have that problem with Natgas.

USO due to their rollover and goldmansachs is front running (like everybody else).

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0740835120090807

Very interesting positions pal, I wish you all the best!, Have a Nice weekend.

I decide to close the position today. the action wasn't strong enough in this USO roll. -U/+V: -2,12 -WTI/+Brent: -3,10 +RbobCrack: 14,88

This a very misleading information.

Transportation system in europe is more advanced than here in the US, In europe you don't need autos to move, here in the US if you don't have a car, you're death. Putting more taxes on Gas will drive the prices at the retail store at some Tought levels for consumers. In europe you pay over...

I agree.

The exchange spark spread is intended to simulate the profits from a power plant by shorting electric power and buying the fuel used for generation – fuel oil, natural gas, or coal. The ratio of the short to the long position is determined by the heat rate of the plant. For example: IF...

Good Call so far papa on the H/J spread. I enter (short) the spread -U/+V in Crude Oil at -$1,74 I will keep that spread open until next friday because Im trying to profit from the USO rollover. Shorts: -U/+V at $1,74 -WTI/+Brent at -$3,20 Long: RBOB Crack at +$14.00 Have...

I agree. The last time the Real madrid spent ton of money back in the early 00's it was a fiasco. El Barca has been the best and most successful spanish team for the last 18 years spending less money. BTW: it's sad to see eto leaving the bcn, that guy is a monster!

I was talking about that (goldman front running energy ETFs rollovers) in another thread.

So you are a socialist cuban living in the us?

You are dead wrong!.. Just take a look at the USD relation to WTI over the last 12 month and you'll get a clue.

You just hit the nail!.

I Agree 1000% with you Preston. Landis82 is right too, Mr Hall is a TRUE star trader in the same league as Tudor, Kovner etc. Phibro is the one bit of Citi which is working really well and making lots of money ($800 millions last year in profits). The Oil trading world doesn't need the US...

Good Question, in countries like Dominican Republic and Honduras for example, most people use CNG vehicles.

Before 1982 there was no oil futures, OTC or swaps. Oil industry was controlled back then by the Opec and the 7 US sisters, a True monopoly of the Black Gold. Yet, Oil price went straight to the $101 per barrel (inflation adjusted) in late 70's and the country got a severe disruption of...

This is true, Ted Kennedy has repeatedly benefited from an intricate web of trusts and private foundations that have shielded most of his family's fortune from the IRS. One Kennedy family trust wasn't even set up in the U.S., but in Fiji. Another family member, environmentalist Robert...