I went back and researched the closing oil prices for 2008 so that ya'll would see what I'm talking about.
The smallest difference was in jun and even though 38 cents doesn't seem like a lot, think of it as the difference between 4 dollar gasoline and 3.60 gasoline and then it does make a difference. Of course I have no way of knowing the formula that is used to calculate the daily rack price, but as you can see, there has always been a difference between the high that the speculators bid it up too and the actual close price at the end of the contract Something to think about Jul 08 crude light - open 75.71, high of 138.80, close of 134.62 - about 4 bucks per gallon less then the highest Jun 08 crude light - open 70.67, high of 129.45, close of 129.07 - about 38 cents per gallon less then the highest May 08 crude light - open 71.22, high of 119.90, close of 119.37 - about 53 cents per gallon less then the highest Apr 08 crude light - open 72.97, high of 111.00, close of 104.48 - about 6 dollars and 52 cents less then the highest Mar 08 crude light - open 66.98, high of 101.30, close of 100.74 - about 56 cents per gallon less then the highest Feb 08 crude light - open 66.24, high of 100.05, close of 89.85 - about 11 dollars and some change less then the highest Jan 08 crude light - open 67.19, high of 98.70, close of 90.49 - about 8 dollars and some change less then the highest -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Pete Theisen Sent: Friday, July 18, 2008 8:33 AM To: ProFox Email List Subject: Re: [OT] Pickens Plan [EMAIL PROTECTED] wrote: > We need to face the fact that they don't want us to have the energy we need. Hi Larry! They want the bulk of us to be poor in every way, not just energy. They want themselves and their cronies to be rich, though. The Ds are just the old time commies gussied up with a "progressive" image. -- Regards, Pete http://pete-theisen.com/ [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
