Why is everyone so suddenly excited about future curves? They’re barely considered when people talk about but when it’s, oh now it’s a big deal! The amount of inflow into makes me think all these USO posts are really making autists buy something they don’t understand. Even if oil goes up, it will barely move. When looking at an Awesome Boobs Bucks Bass And Beer What Else Is There Shirt. You’re probably looking at data that suggests Americans spend more fuel per mile driving than flying, but that’s because we drive fuel-inefficient cars alone. When it comes to a road trip Tom and Betty will be sticking the whole family in the Prius, not each taking the F250 one at a time.
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There’s so much variability that it doesn’t really make sense to apply a blanket statement. My normal road trip means 3 in the Yukon Denali driving from SF to Anaheim. It’s probably an Awesome Boobs Bucks Bass And Beer What Else Is There Shirt. In order to make money on you have to beat the expectations about the future spot price of oil and the storage costs embedded in the futures price. If you buy options you also have to beat expectations about the movement of USO priced into the option premium. Just buy straight USO or a leveraged and hope it doesn’t fold before things recover and let it go if it doesn’t because these things bleed storage costs etc over the long term. Apparently the fund can fold if it runs out of money because of its selling oil cheaper than it bought it for. Google can tango. That’s why currently going on.
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Yeah, accept people are buying a fuck ton of so they are getting more money to fucks with. Sitting out for a little while. Did well going down but held too long an Awesome Boobs Bucks Bass And Beer What Else Is There Shirt. Waiting for an easier bet. Oil should be fine, but it’s just uncertain at this time. You can lose a lot watching it continue to drop for weeks or months maybe. (But everyone knows this shit and it’s all priced in so who the fuck knows). This is the only guy who gets it. I picked up 2000 shares already…Why bank on us shale when the only predictable up is oil prices?
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