What is your advice for me ?

Question

I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only $135 a barrel. (Please tell nobody: one day on Jan. Goldman & Sachs traded a volume of barrels = US one years import in volume)

So here is my difficulty:

Congress is now investigating on oil speculation, I am afraid of being caught. But if I sell them right now, I would end up with little or no profit since the trading fees and hedge fund managing cost are not cheap.

I already request my agents send the spin out to the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon. ” But it does not work price up as fast as I expected.

My lobby firm can work Republican party to stall passing the laws, but I am not sure for how long. I am very fearful and worried. So my question is this: How do I corner the market price up in time so not to get caught by Congress.?

Answer 1

POINT!......Congress is investigating.....You have plenty of time. I wouldn't sweat it.

Answer 2

I suggest you crawl back in your hole along with the other speculating parasites who prey upon the economic hardship which so many Americans are sufferring.  

I hope the administration and leadership in this country have the balls to pass significant legislation, regulating your practices and  releasing the stranglehold on us developing our own abundant oil reserves, and drive the price of oil down thus causing you to lose your shorts.  

You apparently have no concern for the American people who are struggling at the gas pumps and supermarkets to just make ends meet.  

As far as I'm concerned you are a blight upon us and are only following your propensity toward selfishness and greed.

Answer 3

You are talking a gamble that could pay off, just as putting your money in a slot machine. While commodities can yield big returns, you can also lose a bundle. If oil tanks and drops to100 a barrel, take you loss and move to more secure investments. If you trust the Government to protect you, then you are a fool.

Remeber Big Brown? can't miss horse of the Belmont?