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If, as you showed in part 24, 5-year forwards are at $65,

I find it hard to believe that there isn't a market for 10-year forwards at $50.

For instance, Sweden has said they want to be oil-free within 20 years. It would make sense for them to lock in supplies for the intervening 20 years.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Tue Apr 4th, 2006 at 09:29:13 AM EST
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Oh, I agree that it would make sense to buy such a contract, and you identify a potential entity that could do it.

It simply has not been done yet.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Apr 4th, 2006 at 12:31:54 PM EST
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