OPEC cuts back
According to the FT report
from Carola Hoyos, dated 29 September 2006, two of the OPEC members decided to
make public their cutbacks in production, exasperating the rest of the organization’s
associates.
Archived entries for
…Going to the movies
NYMEX_CL_X06, Chuck Le Beau's Giant Footprints
This is a snap shot of Chuck LeBeau’s latest little film; and it’s related to the recent drop in crude prices. Unfortunately for Amaranth, they did not take to heart this basic lesson in trading…
Click here to watch this nice video.
Happy trading.
…A huge haircut
Natural Gas NG0611 Source: Prophet
(click to enlarge)
According to Bloomberg’s September 21 piece,
by Katherine Burton and Justin Baer, Amaranth Advisors LLC hedge fund
lost $6 billion or 65% this month on a natural gas long bet.
Greenspan’s conundrum II
Alan Greenspan
Source: US Treasury
…I think we all owe a lot to the old Fed chairman.
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