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posted to rec.boats
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First recorded activity by BoatBanter: Oct 2011
Posts: 3,020
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Told you the Volt was dead...
On 3/6/12 6:21 AM, BAR wrote:
In , dump-on-
says...
On 3/5/12 8:21 PM, Wayne.B wrote:
On Mon, 05 Mar 2012 09:40:14 -0500, X ` Man
wrote:
In most cases the "speculator" is the logistics manager for some large
petroleum consumer who is trying to do their job by locking up
sufficient future supplies.
I will grant what you say with this modification:
"In some cases, the speculator is the logistics manager..."
======
Let's take an example that everyone understands. Most people fill up
the tank of their car when it starts getting low, possibly less than a
quarter of a tank give or take. However, if there is talk of a
possible shortage or a major price increase, many people would start
filling up more often, oerhaps when half full or even 3/4ths. Does
that make them speculators? The exact same thing happens with
logistics managers who are hired to ensure adequate future deliveries.
Does that cause an increse in demand and increased auction prices?
Of course it does. Does that make them speculators?
And when they sell what they bought on a futures market? They're not
speculating?
We now know why you sold your dad's boat business when he died. You
haven't got a clue as to how to operate a profitable business.
I sold the boat business because I didn't want to be in the retail boat
business. Nothing more.
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