Thursday, September 27, 2007

Treacherous Oil

The graph compares last year oil price history with this year's movement. It is obvious that by this time of the year, the price should be going down, as it did last year and the year before and the one before. But it is not. Brent hit the 81 dollar per barrel. Why is oil falsifying its true nature?

I have hedged my oil put option bet with a bundle of BAZAN (the Haifa Oil Refinery) shares. But I am losing heavily in both. يبدو أن المعنى هو استفزّ بحسب بحث الأخ أدناه In Aramaic: Kus Ummak Ya Sharmootah!

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