In my prior post, I indicated once again that I remain bullish on commodities. Fellow blogger Wcw has a post titled Gasoline and GDP where he quoted the Energy Information Administration:
EIA supply data for the four weeks ending September 22, released earlier today, showed that gasoline product supplied (a proxy for demand) was up 3.8 percent compared to the same four-week period last year. However, it is important to remember that last year’s demand data were significantly affected by Hurricane Katrina, making demand this year seem greater in comparison than it would otherwise. Thus, any oil demand comparisons to last year over the next few weeks may seem somewhat larger than typical or expected, due to the effect last year’s hurricanes had in dampening demand temporarily.
While true that gasoline product supplied statistics are somewhat wonky because of Hurricane Katrina, if we step back and look at U.S. Weekly Total Crude Oil and Petroleum Products Imports (see graph), then we note that crude oil and petroleum products imports continue to climb. In fact, the latest import data for 22 September 2006 show that last week was the fifth largest import. This is, in part, why I continue to remain bullish on commodities.
Would like info on petro commodity leveraging
Jay, to get leverage on commodities, simply use futures. By using futures, you can obtain lots of leverage.
For energy, you should to the NYMEX website (http://www.nymex.com/index.aspx) to learn more. Before investing in futures, or anything else for that matter, you should learn as much as possible before investing.
Good luck.