Let’s say I am trading crude oil futures, and I accidentally held a contract past expiration. What would happen? I can’t actually take delivery of 1,000 barrels of oil!

Conversely, what would happen if I held a sort contract passed expiration? I don’t have 1,000 barrels of oil to deliver!

Would these situation be settled in cash? What exactly would happen?

Thanks!

"When the Heritage Foundation did its analysis of Waxman-Markey, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy 1 billion in 2020, which is ,870 for a family of four. As the bill’s restrictions kick in, that number rises to ,800 for a family of four by 2035.

Note also that the CBO analysis is an average for the country as a whole. It doesn’t take into account the fact that certain regions and populations will be more severely hit than others — manufacturing states more than service states; coal producing states more than states that rely on hydro or natural gas. Low-income Americans, who devote more of their disposable income to energy, have more to lose than high-income families.

Even as Democrats have promised that this cap-and-trade legislation won’t pinch wallets, behind the scenes they’ve acknowledged the energy price tsunami that is coming. During the brief few days in which the bill was debated in the House Energy Committee, Republicans offered three amendments: one to suspend the program if gas hit a gallon; one to suspend the program if electricity prices rose 10% over 2009; and one to suspend the program if unemployment rates hit 15%. Democrats defeated all of them."

The Lakers traded Caron Butler for Kwame Brown that trade doesn’t make any sense. The Lakers at that time had traded a future all star for a garbage player. I know the Lakers are a great team right now but this is the worst trade in this decade.

I realize that futures are commodities such as oil, gold, CORN (lol), and such, but where are they traded and is there a good news source for them? How can I invest in one? I have capitol.

Presumably it will eventually replace the Dollar as the reserve currency for the North Atlantic’s Alliance, maybe for the first time opposing other currencies in worldwide trade particularly of oil. Then for instance will the Amero continue to be redeemable only through NYMEX and IPE? Will dollars become worthless in due course? If so what happens to our holdings, i.e will the amount we owe America and the rest of the world counter balance the amount we are owed and vise versa so it’s no problem?
search The Hal Turner Show.

"When the Heritage Foundation did its analysis of Waxman-Markey, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy 1 billion in 2020, which is ,870 for a family of four. As the bill’s restrictions kick in, that number rises to ,800 for a family of four by 2035.

Note also that the CBO analysis is an average for the country as a whole. It doesn’t take into account the fact that certain regions and populations will be more severely hit than others — manufacturing states more than service states; coal producing states more than states that rely on hydro or natural gas. Low-income Americans, who devote more of their disposable income to energy, have more to lose than high-income families.

Even as Democrats have promised that this cap-and-trade legislation won’t pinch wallets, behind the scenes they’ve acknowledged the energy price tsunami that is coming. During the brief few days in which the bill was debated in the House Energy Committee, Republicans offered three amendments: one to suspend the program if gas hit a gallon; one to suspend the program if electricity prices rose 10% over 2009; and one to suspend the program if unemployment rates hit 15%. Democrats defeated all of them."
5 hours ago - 4 days left to answer.
Additional Details
For once guys…lets stop the fight between democrats/republicans. I understand this is supposed to be for the environment but it really is going to damage the economy! Please email/call your representative tonight! they will not vote for it if they think they will not get re-elected because of it.Raise hell! do you want to pay .00 at the gas pump? Or lose even more jobs?
Bob:
how about if there is even a chance that this study has NOT been discredited…what will you tell your grandchildren YOU did. This is not about democrats/republicans. This is about the largest TAX hike ever in history and you are just going to site by and let it happen.

I trade up to 20 times times a month on future currencies. I received a 1099-B from the brokerage with total gains/losses no other details. Do I need to list out each trade on my taxes? This could be a nightmare or do i just report the total loss or gain on the 1099-B

There will be a small window to get in at the beging and make some money. What does the past tell you of the future.

"When the Heritage Foundation did its analysis of Waxman-Markey, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy 1 billion in 2020, which is ,870 for a family of four. As the bill’s restrictions kick in, that number rises to ,800 for a family of four by 2035.

Note also that the CBO analysis is an average for the country as a whole. It doesn’t take into account the fact that certain regions and populations will be more severely hit than others — manufacturing states more than service states; coal producing states more than states that rely on hydro or natural gas. Low-income Americans, who devote more of their disposable income to energy, have more to lose than high-income families.

Even as Democrats have promised that this cap-and-trade legislation won’t pinch wallets, behind the scenes they’ve acknowledged the energy price tsunami that is coming. During the brief few days in which the bill was debated in the House Energy Committee, Republicans offered three amendments: one to suspend the program if gas hit a gallon; one to suspend the program if electricity prices rose 10% over 2009; and one to suspend the program if unemployment rates hit 15%. Democrats defeated all of them."
5 hours ago - 4 days left to answer.
Additional Details
For once guys…lets stop the fight between democrats/republicans. I understand this is supposed to be for the environment but it really is going to damage the economy! Please email/call your representative tonight! they will not vote for it if they think they will not get re-elected because of it.Raise hell! do you want to pay .00 at the gas pump? Or lose even more jobs?
the heritage foundation is NOT the only source that is saying this.