Just bought 3 Call Options, 3,000 gallons of paper Crude Oil at $2.80 Premium. The Options are worth $4.30 today. Google that part of the world and you can see there will be more problems soon. We've already got troops in Afghanistan, Iraq, on ships.
What's the real cost of crude oil?
For your gas needs I think this looks like a great option if you have an E-85 vehicle. It costs only $6,000 and you can make your own Ethanol from your local tavern bar waste and ingredients. They will supply the container for your local pub. "http://www.efuel100.com"
Libya has high quality irreplaceable 'Light Sweet Crude' which is ideal for jet fuel and low viscosity diesel fuel. Libya has shut down all crude oil production. It takes 4 barrels of Saudi Arabia crude to be able to extract 1 barrel of Libya crude. Furthermore Saudia Arabia's drilling companies do not have the expensive equipment needed to separate the Saudi crude and make it 'Light and Sweet'.
I think the media is misleading us when they spin the story quite a bit when the jump in and say Saudi Arabia agreed to fill any Oil disruptions from Libya. They can't do that. Everyone better have their airline tickets booked that they need within the next year!
I am taking the Call Option approach to Brent and WTI contracts. I think there will be more disturbances in Middle East. Hedge your fuel needs cause this could get exciting if crude goes to $200/barrel within 6-12 months as some are suggesting.
I think there is a lot of opportunity in Call Options in Oil, Silver, Gold, Corn, Beans and for that matter all across the "http://www.cmegroup.com" - I like the Options as the Futures are dangerous in my opinion unless you have nerves of steel and a very deep bank account.
I know I'm going to be doubted and in the farming industry you all can be a tough bunch to win over.. What I'm doing is being offered for free via a "try it before you buy it". I have over 25 well known farmers in MI very happy with their results, and some of them have been saving for over 6 years.
NO BS, every farmer has first hand witnessed a .43¢ - .60¢ NET savings on fuel per gallon. 99.9% of the people who first hear about what we are doing are extremely skeptical, then after their NO RISK demonstration they say "Holly crap, why isn't everyone doing this ?".. I honestly think it's because most people don't like to change, even IF it's broken.
We are looking for farmers who know how much they burn per hour, and that data needs to be gathered manually. The computers on your tractors and semis LIE, they gather impulses of the injectors NOT the flow of fuel.
I'll give you a little hint of what we are doing, has anyone caught on how ultra low sulfur diesel doesn't have the lubricating ability like diesel used to ??? We fixed that problem !!!!
For all you farmers worried about the high cost of fuel I expect my inbox to be full of messages ASAP.
Again we are offering NO RISK demonstrations, you have nothing to lose.
PS I have too many happy satisfied farmers giving me 100% customer retention for this not to work 100% of the time.
Anyone going to take me up on my offer of .43¢ to .60¢ a gallon savings ? You have NOTHING to risk since we area cover the cost to prove out the savings...