Posted 4/15/2019 19:18 (#7441310 - in reply to #7440382) Subject: RE: Saudi Aramco Prospectus.. Wanna buy an Oil Co?
North Central Texas
Prices surge, and new players come in the market. They see the dollars and it isn't going to drop again. They can take the land and make it produce. It doesn't matter if that land should produce or not. If they can catch the quick price swing up, they will be rich.
Now the old dogs with experience lay back. They tried to tell the new or foolish ones what would happen but were ignored. It becomes a so and so said it's going to do this and they learned from the past.
Which commodity am I talking about?
End of the day, the old dogs laugh at the guys who have everything figured out. They still roll production and wait to buy out failures for pennies on the dollar. It's how commodities get disenfected from the new players.
All commodities are commodities. Oil, gas, ethanol, corn, beans, wheat, cotton... it doesn't matter. Same song and dance.