[Peakoil] Oil Futures

[robert and michelle preston]

Robert

 If this is what is really happening then it is difficult to explain, and 
even more difficult to get one's head around.   There are rumours offcourse 
about the USA sitting on a super well somewhere in Colorado, which might go 
part of the way to explaining the guarantee  that they give here.

On the other hand it could be a stunt designed to keep the market down but 
even that logic has holes in it.

Do you know who is forward buying and what is their position or knowledge. 
What is the uptake on this unbelievable offer.

Rob Preston
----- Original Message ----- 
From: "Robert Wiblin" <robertwiblin at gmail.com>
To: <peakoil at act-peakoil.org>
Sent: Friday, August 11, 2006 1:48 PM
Subject: [Peakoil] Oil Futures


> I've just been looking at the oil futures market. If oil is really
> likely to hit $100 or $200 soon, why are oil companies willing to
> deliver oil for any times in the next five years for under $80? Surely
> if anyone knows the details of the oil market it is the companies with
> all of the inside information. Yet they seem confident enough to sell
> you a barrel of oil now, but delivered in 2011, for around $70. Can
> they really be so mislead about their own position and market?
>
> http://futures.tradingcharts.com/marketquotes/index.php3?market=CL
>
> If famous peak oilers really believe oil will be that high, why not
> put their money out there and make a fortune when their oil arrives
> and they can sell it for double?
>
> Interested to hear the response as I have been unable to answer this.
>
> -- 
> Robert Wiblin
> robertwiblin at gmail.com
> Ph: 0401242877
> Burgmann College, ANU
>
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