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United States Oil Fund LP V.USO.RT


Primary Symbol: USO

The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the Benchmark Oil Futures Contract, plus interest earned on USOs collateral holdings, less USOs expenses. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.


ARCA:USO - Post by User

Bullboard Posts
Comment by RayTeeon Oct 20, 2014 1:51pm
100 Views
Post# 23044058

RE:RE:RE:RE:RE:First Oil now expected in Q4 2015

RE:RE:RE:RE:RE:First Oil now expected in Q4 2015I think it is unlikely the government would do something so formal as to create a partnership.  but I can see the government passing a law saying 'No Tailings ponds by (insert date here)'

this would force companies to do R & D to develop their own technology or to buy someone elses technology (hello US Oilsands)

I do know some of the big companies have simlar processes they are developing on their own, but they are not advanced to the point where US oilsands is.  They are at least a couple of years behind and if the technology is inferior in any way to the product USO puts out, there is the chance they scrap their project and buy the right to use the US Oilsand patented process.

How such an agreement would work?  I dont know.

Maybe just an upfront fee?   or a fee plus a royalty per barrel taken out of the ground is most likely.   
Bullboard Posts