Preparing for the end of Cheap Energy

We all know it's coming, and there is likely no chance to stop it. Write your congressman and all that, but this blog is about SURVIVING through and THRIVING throughout the end of cheap energy. Let's toss in global warming, economic upheaval, and various other major calamities facing civilization.

Saturday, April 26, 2008

Oil & natural gas - recent run up

As I'm sure yall are aware, oil is way up - so is natural gas, although not at historical highs like oil is.

From my perspective, I took it as an opportunity to reduce/adjust my exposure to oil, selling on of my Dec 2015 longs.

I've also purchased a euro (and immediately lost money on it). here's the current positions:
Description Qty Cost Basis Price
CRUDE OIL DEC 2015 2 100.65 107.49
CRUDE OIL DEC 2016 2 92.12 108.08
EURO FX JUN 2009 2 1.5438 1.5335
NATURAL GAS JUN 2013 1 7.889 8.869
NATURAL GAS DEC 2013 2 8.935 9.694
S&P 500 INDEX SEP 2009 -1 1325.2 1414.2

I have to say I'm still awfully comfortable with the allocation. It's much easier to be comfortable when you're up, but still it's nice to be comfy :)

0 Comments:

Post a Comment

<< Home