GREY:LSTMF - Post by User
Comment by
ltrabson Jan 08, 2015 4:17pm
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Post# 23299746
RE:RE:OPEC fools speak again
RE:RE:OPEC fools speak againIt's an interesting concept and it's easy to believe ... however
There has to be someone on the other side of this bet.
Who would that be ? And how much would it take ? ... 10-50 billion ?
Isn't a hedge to sell at $90 for instance a form of short ?
Selling future production ?
There are already billions in hedges by producers out there without adding in some for the Saudis ... we can also throw in a few billion for hedge funds ....
who's on the other side if Saudi and palls were selling off 2015 production last summer ?
Sonofmshade wrote:
I would be willing to bet a LOT - that the Saudis and company have a short set up somewhere on oil that is making them enough money so that they are not hurting too much with lower sales revenue on their oil sales.