Investors bet on oil at $300 this year
By Javier Blas
Published: July 2 2008 03:00 | Last updated: July 2 2008 03:00
Investors are betting that the oil price could surge to $300 a barrel by the end of the year, according to data provided by the New York Mercantile Exchange, the world’s largest energy market.
Nymex statistics show that investors for the first time placed a small bet this week that West Texas Intermediate oil futures would hit $300 a barrel – more than double yesterday’s price of about $142.50 a barrel – by December.
Previously the highest bet was $275 a barrel and $200 remains the highest bet with significant investor interest.
At a cost of 18 cents each, investors bought 1,402 call options – contracts that give holders the right to buy crude oil at a predetermined price and date – that would be profitable only if oil prices trade above $300 a barrel in December.
Traders said that call options with prices well above current market quotes resembled “lottery tickets” although some noted that call options at $150 a barrel had also looked highly unlikely last year yet they are now almost profitable.
Copyright The Financial Times Limited 2008
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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