PithyOpiner
Champion Author
Stockton
Posts:16,195
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Message Posted: Feb 14, 2012 3:17:14 PM
Yeah, you got me, brerrabbit.
Menudo is a Mexican soup made with beef stomach. It is either in a clear broth or has a red chili base. Usually, chopped onion, chopped cilantro, oregano, red chili peppers and lime are also ingredients. But, not intestines. Those are used in chitlins...soul food.
[Edited by: PithyOpiner at 2/14/2012 6:18:16 PM EST]
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brerrabbitTX
Champion Author
Houston
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Message Posted: Feb 8, 2012 12:27:15 PM
Menudo the Boy Band, or menudo the soup? I thought menudo the soup was traditionaly made from beef intestine? No cow bellies traded that I know of just pork bellies.
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amayne11
Champion Author
Vancouver
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Message Posted: Feb 8, 2012 11:02:41 AM
I think oil prices would go up because it would be available to fewer consumers.
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PithyOpiner
Champion Author
Stockton
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Message Posted: Feb 8, 2012 10:42:34 AM
Yeah, brerrabbit, I have wondered why they trade pork bellies. I guess the price of pork bellies have something to do with the constant, even price of my Saturday morning menudo, right?
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brerrabbitTX
Champion Author
Houston
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Message Posted: Feb 7, 2012 2:48:52 PM
WTI oil futures trades on the New York Mercentile Exchange or NYMEX and Brent Crude futures trade on the ICE exchange in London. Phsyical barrels of oil do not trade on these exchanges. Actual oil purchases are at 3 and 4 day averages based on the date the oil flows and the cargo is loaded. The whole idea behind excahnges from their very inception was to lessen price volitility and offer the commodity sellers the ability to sell their products forward in order to lock in pricing. The very first commodities markets were so named because they were for corn, wheat, and other agricultural products. Ever wonder why they trade pork bellies? It's where bacon comes from. Worried about the cost of orange juice 6 months from now? You can lock in you cost via OJ futures. The same for coffee, soy, corn syurp, cattle, etc.
Without the free and transparent posting of prices then sellers could put any price they wanted on their commodities. The exchange allows for the free posting of pricing data for all the world to see.
If oil did not trade on an exchange the price would be every bit as high as it is if not higher.
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PithyOpiner
Champion Author
Stockton
Posts:16,195
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Message Posted: Feb 6, 2012 2:28:31 PM
They would sky rocket because only a few companies would own oil and we would pay thru the nose for gas.
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WEPSMAN
Champion Author
South Dakota
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Message Posted: Feb 4, 2012 6:24:04 PM
It is a comodity, not on the stock market. You cannot but "oil" stocks, but you can buy it by the barrel.
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Gas_Buddy
Champion Author
Maryland
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Message Posted: Feb 4, 2012 4:17:34 PM
Traded on the stock market?
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