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Nesgroup address: alt.building.construction - Date & Time for the message: / Author of the message: "Don" |
Title of the message: |
Text of the message: |
"Duane Bozarth"> wrote >> When the bobbing head announces that oil is selling for $60 a barrel >> today, >> what does that mean? >> Who is spending that $60, and who is receiving it? >> Does it mean that Exxon paid the gov't of Saudi Arabia $60 for each of >> many >> barrels of oil it purchased recently? > > The purchaser is the payee, the seller the recipient. Those are > long-term contracts for future delivery that are traded and the Who is the payee and the recipient, I want names. >> If so, doesn't the US gov't get in the middle of that transaction and >> cause >> huge grief? > > Have nothing whatsoever to do w/ it...it's an open market and again, > those are futures contracts being traded, not (directly) oil purchases. > No different than pork bellies on the Chicago Mercantile exchange. OK. Then at what point does this intangible thing become tangible, and what |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.