Maybe so, but for now they are running out of space to store the stuff.
CL Redux
- Thread starter schizo
- Start date
"A LARGE warehouse in Amsterdam may seem an unusual place to attract the Cityââ¬â¢s top traders and hedge funds. But, in the past few months, Morgan Stanley has been accumulating warehouse space in the Netherlands to store its hottest new property ââ¬â oil.
[...]
Meanwhile, banks such as Morgan Stanley are also beginning to move into the physical market to buy oil ââ¬â or even entire oilfields.
Goldman Sachs recently bought 10m barrels of oil."
[...]
Meanwhile, banks such as Morgan Stanley are also beginning to move into the physical market to buy oil ââ¬â or even entire oilfields.
Goldman Sachs recently bought 10m barrels of oil."
I am sure they will find some more places. 
"Vopak (Euronext Ticker VPK.NX), the largest 'conditioned storage' company in the world.
This Dutch company has been hoarding products for other people for nearly 400 years, and operates in 32 countries around the world, thus provides broad exposure.
Better yet, earnings just spiked 29% due to massive demand for oil storage in particular. Just be aware that the stock has already performed very well year to date, thus the 'easy money' has been made."
"Vopak (Euronext Ticker VPK.NX), the largest 'conditioned storage' company in the world.
This Dutch company has been hoarding products for other people for nearly 400 years, and operates in 32 countries around the world, thus provides broad exposure.
Better yet, earnings just spiked 29% due to massive demand for oil storage in particular. Just be aware that the stock has already performed very well year to date, thus the 'easy money' has been made."
Good stuff.
But, as long as they are buying it and storing it (because no one is currently using the stuff), they must be only buying under a certain level.
"J.P -- get out there and buy me every barrel of oil you can under $80! I dont give a shit -- if it's under $80 just buy it!"
I dunno...can't just keep running up the price if no one is using it. I don't think.
Now, if the dollar starts tanking, thats a whole different story.
But, as long as they are buying it and storing it (because no one is currently using the stuff), they must be only buying under a certain level.
"J.P -- get out there and buy me every barrel of oil you can under $80! I dont give a shit -- if it's under $80 just buy it!"
I dunno...can't just keep running up the price if no one is using it. I don't think.
Now, if the dollar starts tanking, thats a whole different story.
Your right, I don't know why I am being charged over $ 3 to fill my car up with water, next time I am going to Star Buck's and fill it up with coffee. ;-)
Maybe i should just start purchasing barrels and putting them in storage....beats investing in real estate.
Back for more huh
schizo...
1-how long do you hold your CL daytrade on average?..5,10,15 minutes?.1,2,3 hours?...
2-what chart do you trade off? 5,15 minute?
3-do you use any indicators?
1-how long do you hold your CL daytrade on average?..5,10,15 minutes?.1,2,3 hours?...
2-what chart do you trade off? 5,15 minute?
3-do you use any indicators?