By Dan Dicker
"Expert research of emerging oil costs and the out-of-control oil markets that jeopardize either nationwide protection and the economic system. the cost of oil is negatively impacting either businesses and shoppers. In Oil's unending Bid: Taming the Unreliable fee of power to safe Our financial system, power analyst Dan Dicker remembers his studies as an oil dealer and divulges the alterations that experience taken position within the oil markets in past times 20 years, and especially the final 5, as funding banks, power hedge cash, and controlled futures money have come to dominate power buying and selling and wreak havoc on costs. finds why oil costs can't stabilize with out dramatic motion at the a part of either executive and company. information how the unconventional, yet unsuitable, inspiration of oil as an asset classification took a sleepy, club-like industry into the nationwide highlight. Describes how the U.S. is unnecessarily handing its wealth over to overseas oil manufacturers in the course of a time while the aptitude offer of oil is bigger than ever. Written by means of an insider, Oil's never-ending Bid analyzes the most important monetary tale of the final ten years, how we misplaced keep watch over of our oil markets"-- �Read more...
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Additional resources for Oil's endless bid : taming the unreliable price of oil to secure our economy
Indeed, when you take out a mortgage on a house with a 10% down payment, you’ve employed a quite nifty 10 times leverage. Of course, banks are much better equipped than we are at convincing various governments, investors, and other banks about the quality of the assets that they are being loaned money on, which is why we have heard The Good Old Days of Oil Trading 25 tales of mortgages, student loans, car loans, and commercial real estate portfolios being run at upwards of 40 times debt to equity—very heady leverage indeed.
And I was on the wrong side. There was nothing to be done. I watched the market open, saw my life slipping away, and covered my position. As if to add insult to injury, gasoline opened up much stronger than crude, because it was perceived that the refined products would be in even greater demand than crude if war were to break out. Even my seven hedges were big losers, but still nothing compared to the 23 naked shorts I had carried in that day. I gave my trading pad to my clerk and went home. Silently, I walked into my apartment, where my wife was sitting with our sevenmonth-old son.
That’s an investment. But if you take an oil contract and put it under your pillow, sooner or later, someone will come looking for you. Stocks don’t have expiration dates. Bonds do, but in a good way—if you wait them out, barring an uncommon default, you’ll at least get your money back. That’s hardly the case with oil. So, if oil doesn’t work like a traditional investment, how do people make money trading oil? And if people do make money, what’s wrong with trying to get in on the game? So How Can You Make Money Trading Oil?