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Mine too. I haven't seen a -4 day in so long in the indices.

Where do you find such a woman? :)

Venezuela has shit oil. Literally. Very few refiners in the world can do anything with it. Very heavy, very dirty. High Sulfur. Again, they are not hedging the exported oil as it's the same thing. They are simply hedging their production. They don't control domestic prices at the pump and...

Incorrect. They are exporting the heavy stuff. Gulf coast refiners are set to refine the heavier crudes. Mexico keeps the light stuff domestically.

Jack, there is no such thing as oil. There is such a thing as oil grades. Mexico and Australia do not have the same oil. Mexican oil is called Maya, it's a heavier api then WTI and therefore trades at differential to WTI. I don't know the api of Australian oil offhand but that is why prices...

This is what he said: "A whole country is different from a local market, where the government can actually set the price." There is no local market. Mexico is part of the free market. They sell their oil at market prices. They can subsidize oil but this becomes an opportunity cost for them...

There is no country price of oil. LOL. Oil trades at one world price. And the reason the price they hedged was so low in 2008 is because the market was steeply backwardated at the peak. There are some funny people on this interweb thingy.

You should reach out to Neiderhoffer. The guy collects old and rare books. You would have to use language translating software to translate it. I'm sure that first book ain't cheap if it's out there.

Man, anyone who doesn't think this show is cutting edge and ahead of the curve... http://news.morningstar.com/all/dow-jones/us-markets/201704047497/why-foreigners-keep-buying-the-debt-of-americas-small-towns.aspx Right out of last week's episode. Except it's Axe Capital buying the bonds vs...

There are plenty of edges. Don't expect anyone to give them to you.

Fundamentals all have variation. That's why markets jump so much around every inventory report. Because they have variation you have to apply discount rates to have a present value. This is how all finance works. Just as AAPL has long term fundamentals, those fundamentals are all heavily...

You really need to get an exchange traded quote since TOS does a shitty job when you use that formula. Also, there are gaps on the charts since its very seasonal so it's hard to look at it in one continuous stream. But yes, the margins for refiners (crack spread) determines how much product...

I think it's pretty obvious what I think.

https://www.bloomberg.com/view/articles/2017-04-03/oil-traders-are-looking-at-the-wrong-inventory-data Read it up boys. I'm pretty much in agreement on his thesis.

https://www.bloomberg.com/view/articles/2017-04-03/oil-traders-are-looking-at-the-wrong-inventory-data This is an excellent article. You guys might want to read it. Pretty much is on par with my thesis.

Man this show is pulling out all the stops. Even a Nassim Taleb reference. Love it!

Good question. First, you should never trade anything you don't understand. These guys that say all they need are the charts are full of shit. Understand what you are trading. This really applies to energy. So this right there eliminates 90% of the bazillion choices you have. Next, try to...

My 30 NL in WTI was negatively confirmed but has now reset and is neutral. It looks like it's going to be range bound for awhile. Gasoline is on fire however. The front end of the curve has been unstoppable.

Why?

Well...to use that analogy of going to a separate ballgame I would think that is analogous to choosing a different stock. For example, if you are bullish on AAPL, why not buy skyworks solutions, their biggest supplier. A stock no one talks about. If I'm going to trade equities, which I hate...