katricol
Active Member
My son is an emergency room doc....and he is always asking me to sell my bike. (he has seen some nasty stuff)
Idea to hedge your fuel for summer 2011
- Thread starter C-SIDE
- Start date
Bill Z
New Member
I bought 700 barrels of oil and can't find anyone to make them into gas. Any idea's ?
Dude you're screwed. 700 bbls of crude might yield you 1,500 gallons of gasoline at best and then you would have to sell the other 1,200 gallons of distillates, resid, coke and light ends. That amount of crude is way too small a batch for any refiner to toll. Your best bet is to try to sell it back to some aggregator who can consolidate it into a larger volume that can be sold. The other possibility is you just bought a lifetime supply of charcoal light fluid!:smt043
tgalloway
New Member
I sometimes think (this is one of them) that posters just try to drop a "tu_d on the table" so to speak, to see what everybody else will say.
AS for the ETF - been there, done that - in natural gas...disaster.
My solution - My wife likes to travel (and shop), basically long weekend type trips. I have convinced her to take one or two less trips for the year. Figuring on flight, hotel, credit cards, etc. I will more than cover my yearly fuel expenditure...seriously. A plus is we will spend some of the time previously spent traveling on the boat.
This is a theroy that will need the cooperation of all parties involved. :grin:
- Apr 26, 2009
- 5,819
- Boat Info
- '97 330 Sundancer, Raymarine C80 suite with radar, Mercury 310 Hypalon w/8hp Yammie 2stk
- Engines
- 2X 454 carbs w/ vDrives
My wife would say that they call them "donor-cycles" in the emergency rooms.
Gofirstclass
Well-Known Member
Yup, UNG was quite a disappointment to many investors.
Ya gotta know where to put the stops in when you buy it. That way you trim your losses if it tanks.
The flip side of those that go down are ETF's like SSO (15% total return in 1 yr), SLV with 51% total return, GLD with 17%, etc. There are lots of others and it's all about knowing where to buy them and when to get out.
