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24/10/04
18:06
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Blackwolf,
Oil prices will, at some point, decline.
The question is when they do so, and what they decline to.
If you are so certain they will go below US$30, then I'd suggest you can make a great deal of money selling long-dated oil contracts.
I think the market will cover them for, ohh, a couple of billion dollars.
Alternatively, I'm prepared to negotiate on a small side bet.
So, BlackWolf, are you going to fish, or are you going to cut bait ?
Ian Whitchurch
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