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SVTPerformance's Chain of Restaurants
Road Side Pub
OPEC about to cut
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<blockquote data-quote="q6543" data-source="post: 16827193" data-attributes="member: 163900"><p>I just looked at the futures contract structure.</p><p></p><p>We are in heavy Backwardation, for the next decade. They're doing everything they can to keep prices high.</p><p></p><p>This year and next few 80s down to 70s per barrel.</p><p></p><p>Late 2020s mid to low 60s/barrel</p><p></p><p>Early to mid 2030s mid 50s/barrel</p><p>Late 2030s bottom 50s.</p><p>You can buy oil a decade out from now for $51.00 per barrel.</p><p>Cheap hedge if you believe it's going higher.</p></blockquote><p></p>
[QUOTE="q6543, post: 16827193, member: 163900"] I just looked at the futures contract structure. We are in heavy Backwardation, for the next decade. They're doing everything they can to keep prices high. This year and next few 80s down to 70s per barrel. Late 2020s mid to low 60s/barrel Early to mid 2030s mid 50s/barrel Late 2030s bottom 50s. You can buy oil a decade out from now for $51.00 per barrel. Cheap hedge if you believe it's going higher. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
OPEC about to cut
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