Recently there was an article and news story on WCPO in Cincinnati about Speedway. In it they said a lot of things TheGasGame readers would already know, plus something I found interesting at first, and one outright falsehood. They come right out of the gate letting us know Speedway’s secret: Real estate. “We wanted to [...]
Archive for the Tag 'futures'
It looks to me like powerful people are starting to pay serious attention to how much of the ups-and-downs in energy prices has been driven by a “casino-minded” attitude towards the future markets. Last week, PVM Oil Associates employee Steve Perkins lost $10 millon in a day playing the “electronic oil casino”. This week, the [...]
Comment on Monday’s prediction: Spectacularly WRONG! Friday, November 21, 2008, 3:00 PM: As I’ve indicated the past few months, I think the dramatic decline in energy prices is tied closely to the collapse of some our financial institutions, and this is also being reflected in the stock market. I have to say, though, that I [...]
Tuesday, October 21, 2008, 9:20 AM: The following question has been posed to me several times the past month: On July 15, oil was at $145 a barrel, and gasoline cost $4.25 a gallon at the pump in Grand Rapids. Last week, oil was $72 a barrel, and gasoline cost $2.96 a gallon. If the [...]
You know that part of the intellectual basis for The Gas Game is to use energy prices on future markets to approximate wholesale prices and then try to predict what is going to happen to retail prices. Following the futures markets have always made me wonder if they are manipulated, or perhaps the better word [...]