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Toofuzzy

01/12/16 5:52 PM

#40191 RE: ls7550 #40190

If I was Saudi Arabia I would have sold futures as far out as I could.

Then when I started pumping lots of oil I could buy the futures back cheap.

Just before I start cutting production I could buy even more futures.

When I start cutting production and prices rise I could then sell those futures for a lot more.

I wonder how exchange rates affect them also. Does their currancy float or is it fixed to the dollar?

Toofuzzy

Alton

01/12/16 9:07 PM

#40198 RE: ls7550 #40190

Exactly! I'm on a 10 year plan toward retirement. I'm depending on the Russia's, China's, Pakistan's, India's, ISIS, Korea's and others to introduce a Geo-political event and allowing me to cash-in for long lazy days on the beach affording umbrella drinks:)

Alton