ACEMAN

The Ghost of Crude Oil Futures (Part 1/2)

Y'all are looking at the wrong measure or measures because the pricing model just can't give you what you want and that is to time the direction of the oil & gas market futures. In order to make money you need to find very solid oil & gas companies world-wide under the radar by analyzing them as businesses first but specifically digging to find out the known reserves and discounting them to future value as it will take 8 years or more from exploration to delivery. ForEx is extremely important since all delivery and all oil & gas deals are in dollars but locally it is in local currency. The spread can make or break you. Note: Mathew Simmons is great but historical in nature and stay away from Boone Pickens as his conflicts on interest are legendary.