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Mexico has spent $1.172 billion to buy oil hedges for 2010, protecting itself in case prices collapse. According to the finance ministry Mexico purchased put options that give it the option, not the obligation, to sell its oil for $57 a barrel next year.
Ethanol is not just hype – it’s dangerous, delusional bullshit. Corn ethanol is not to solve America’s energy crisis, but to generate one of the great political boondoggles of our time.
Natural gas has rallied lately, even while many other commodities were falling, partly due to expectations of a cold winter in the US. For investors in Unites States Natural Gas (UNG) and other gas-related investments, here are four threats to watch out for……
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