Is Saddam trading OIL??

Discussion in 'Energy Futures' started by bungrider, Feb 5, 2003.

  1. .
     
  2. cheeks

    cheeks

    hehehe.....

    Well, he has the easiest layup off all time if he wants to take it.
     
  3. Lets assume he does....it would not compare to the money he is making as a dictator ( look at Fidel Castro; he has a net worth estimated at 10 billion, accrding to a forbes article a while back, and that me amigo is grossly underestimated ) Oil trading profits would be a drop in the bucket........Its all about the cheese :D ..no not mr.markets cheese......peace
     
  4. cheeks

    cheeks

    He could easily take 300,000 contracts short and then take oil below 20 a barrel. Then he could cover or deliver against.:eek:

    That's 4 billion and he is still in power.
     
  5. tampa

    tampa

    Is it possible for ET to become even more lame?
     
  6. Why wouldn't he since one come to politics for Business :D

    Frederick C. Howe revealed the strategy of using government in a 1906 book, Confessions of a Monopolist: "These are the rules of big business...Get a monopoly; let society work for you; and remember that the best of all business is politics..."