The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Which is why I think your IOB will never fly.
I must say I go along with that view.
But I'm not proposing conventional geared futures contracts for the IOB (which is glacial in progress, to ssay the least). I'm proposing units in a "pool" of crude oil more akin to shares in an ETF.
An "asset-based" contract rather than a deficit-based one.
Paid up front, so no gearing: except of course you are free to borrow to buy the units.
So no monthly expiry dates, roll-overs and all of the costs that go with it.
And I will bet a pound to a penny that the Chinese - to name but one, would buy as much of this "virtual crude" as you could put on the market in preference to holding their reserves in dollars.... "The future is already here -- it's just not very evenly distributed" William Gibson
by Frank Schnittger - May 31
by Oui - May 30 24 comments
by Frank Schnittger - May 23 3 comments
by Frank Schnittger - May 27 3 comments
by Frank Schnittger - May 5 22 comments
by Oui - May 13 66 comments
by Oui - Jun 22 comments
by Oui - Jun 17 comments
by Oui - May 3129 comments
by Oui - May 3024 comments
by Frank Schnittger - May 273 comments
by Oui - May 2729 comments
by Oui - May 24
by Frank Schnittger - May 233 comments
by Oui - May 1366 comments
by Oui - May 913 comments
by Frank Schnittger - May 522 comments
by Oui - May 450 comments
by Oui - May 312 comments
by Oui - Apr 30273 comments
by Oui - Apr 2647 comments
by Oui - Apr 889 comments
by Oui - Mar 19144 comments