Need Help With An Idea

Believe it or not, oil is underpriced.

Oil prices were relatively stable for about 20 years (about $1 to $1.50 a gallon in US) while other commodities were not.

Oil prices will continue rising until its use begins to decline but that is about $1 or $2 gallon from happening.

No politician or political act (strike) will lower the price of oil. US warmongering in oil producing nations (Venezuela, entire Middle East) has been the primary factor in causing higher prices. And will continue to do so as long as the US considers making threats and invading other nations a substitute for diplomacy.

And, the US dollar has been devalued by about 50% by Congressional borrowing and spending to support the useless as being conducted "war on terror."

Higher oil prices are the direct result of the useless as being conducted "war on terrror."

And, there is nothing anyone is going to do about it in the short term (next five to ten years).

 

Uh, you can as a private investor, purchase a crude contract: http://www.wtrg.com/daily/crudeoilprice.html


[FONT=Arial,Helvetica,sans-serif](...)Light, Sweet Crude Oil[/FONT]

[SIZE=-1]Crude oil began futures trading on the NYMEX in 1983 and is the most heavily traded commodity.[/SIZE] [SIZE=-1]Trading unit: Crude Oil Futures trade in units of 1,000 U.S. barrels (42,000 gallons). Options: One NYMEX Division light, sweet crude oil futures contract[/SIZE]
[SIZE=-1].[/SIZE]
[SIZE=-1]Trading Months: Crude Oil Futures trade 30 consecutive months plus long-dated futures initially listed 36, 48, 60, 72, and 84 months prior to delivery. Additionally, trading can be executed at an average differential to the previous day’s settlement prices for periods of two to 30 consecutive months in a single transaction. These calendar strips are executed during open outcry trading hours. Options: 12 consecutive months, plus three long-dated options at 18, 24, and 36 months out on a June/December cycle. [/SIZE]
[SIZE=-1]Price Quotation [/SIZE]
[SIZE=-1]Crude Oil Futures are quoted in dollars and cents per barrel.[/SIZE]
[SIZE=-1]Minimum Price Fluctuation: $0.01 (1¢) per barrel ($10 per contract). (...)[/SIZE]
​

 

I like the idea and haven't heard a better one yet. No, convoy's are not at all illegal. If they are then I'll be ###### because I would see a lot truck's sitting road side each waiting on a ticket and that's if they can even pull them all over at one time. Notice big pack's of truck's going down the road from time to time.

As far as our government and the oil companies. I say f**kem and make'm sweat and to hell with them if they can't take a joke because as far as I'm concerned it's in the truck driver's favor. Joke is on them.