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  1. I

    Who is beating the crap out of harry reid?

    http://wonkette.com/445162/harry-reid-injured-by-stationary-car
  2. I

    Obama to propose. . .

    Better that than have them be indoctrinated by the likes of someone like Liz 'Cherokee Cheeks' Warren. That's going from dumb to dumber.
  3. I

    Climate Change

    I've already pointed out to you several problems with the junk you've posted and written. You try to portray yourself as someone who's able to comprehend the steaming pile of feces you continually post, yet you didn't even understand what the zero line was UNTIL I told you what it was. And you...
  4. I

    Contango is back

    NoBias, I've seen those. All delayed by several days. Anyone know where to get realtime spot, including worldwide quotes? I know there's about 200 grades of oil, but I'd like to see what's going on with as many as possible. I noticed contango widened into the Friday close. Looks like a...
  5. I

    Contango is back

    I've been trading June contracts. What's the benefit of trading more than one contract?
  6. I

    Contango is back

    ? Could you explain? I've traded a lot of stuff, but not much oil. I'm sure that there are much smarter ways to trade oil than what I'm doing.
  7. I

    Contango is back

    Ogarbitrage, the $40K/day rate was for VLCCs; about 2 million barrels, not the ULCCs. That's a cost of $7.30/bbl/yr on a full year rate. It looks like a marginally profitable trade at the moment. What's happening with spot prices?
  8. I

    Contango is back

    Slowly selling back into a short futures position. Prices are close to where I covered.
  9. I

    Hey France - How are those strict gun laws working out for you?

    Slandered? Do you live in a country that allows freedom of speech? If so, I highly recommend you move to one that doesn't allow freedom of speech.
  10. I

    Contango is back

    I closed out all of my oil futures positions. I still have naked calls that I wrote on USO which will expire next week safely out of the money. This is looking like a lot of new money pouring into the futures, looking to catch the bottom. Waiting to read Cushing storage levels, due at 1PM...
  11. I

    Contango is back

    Bearish? A big increase or decrease in inventory? I could read that either way. Where were you able to find data? Thanks in advance.
  12. I

    Contango is back

    I agree with that. There are a lot of traders who keep betting 'this is the bottom'. I expect another selloff on tomorrow morning's weekly petroleum status report. I plan on covering some of my short on the dip from that report and stay a bit light for the rest of the week.
  13. I

    Contango is back

    Dennis Gartman gave it the thumbs up, along with other tanker stocks, on Fast Money last night.
  14. I

    Contango is back

    Jim Iuorio (CME trader), on CNBC yesterday, was talking about buying oil between $47-48. http://video.cnbc.com/gallery/?video=3000343842 Watch the video. Right now, WTI front month just bounced off of $48.50 and temporarily climbing but will likely be between $47-48 sometime today. Let's see...
  15. I

    Contango is back

    Interesting; I could see that due to the economic slowdown in Europe. I was watching CNBC this afternoon and some talking head (can't remember who) suggested that the bottom was near due to the WTI/Brent spread decreasing. He never mentioned contango. Any guess on how close to backwardation...
  16. I

    Got to say Obama got this one right.

    My bad. I didn't look into it closely; just told that it was similar to Stuxnet. If that's the case, then yes, could have easily been done by someone hired by North Korea. North Korea really doesn't have native hacking capabilities; they'd be lucky to get someone there to write a Fortran...
  17. I

    Got to say Obama got this one right.

    If he was briefed that, he got a very, very bad briefing from the wrong people. The government has a very tight grip on power there.
  18. I

    Got to say Obama got this one right.

    I haven't looked at their currency reserves but they sold off most of their gold reserves last year. Last I checked, they were beyond flat broke. I don't think they have enough money to pay for something this sophisticated.
  19. I

    Got to say Obama got this one right.

    Very possible. Having spent some time in Cybercom (military side of NSA), I find it incredibly hard that anyone would even think it was North Korea. It was likely either Wildchild's speculation or a disgruntled former Sony employee. Accusing Iraq of WMDs was plausible. North Korea being...
  20. I

    Contango is back

    OTM bear call spread on any ETF long oil. The trend is lower. Much lower.
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