"You smell that? Do you smell that?...
Napalm, son. Nothing else in the world smells like that. I love the smell of napalm in the morning.
You know, one time we had a hill bombed, for twelve hours. When it was all over I walked up. We didn't find one of 'em, not one stinkin' [ short's ] body.
The smell, you know that gasoline smell, the whole hill.
Smelled like... victory."
Quote: Apocalypse Now
[To get the full effect, please roll up your sleeves, stand up and pace feverishly while occasionally gesticulating wildly as your alternate between yelling at the camera and pounding whatever might be around for emphasis.
The LOBG Management.]
Let me tell you about oil and being short, folks.
Oil is a precious resource. Not only that, but oil runs the world. Everybody needs oil. Now there are hints we are nearing a peak in oil production. Oil may in fact be getting a little harder to find.
Being short is a stock market term. You have an open position, and you are obliged to purchase something in the future to close your position.
Now let's connect the two.
The average person on this planet is short oil. They need to get up every morning and buy in oil. They are going to be buying in oil for the rest of their days. They will be waking up tomorrow and having to buy in oil. They will be waking up the next day and doing the same thing. The week after, the same thing. A year from now, the same thing.
So the rest of the world, with the exception of a small minority, is mostly SHORT OIL.
You, my friends, are LONG oil. In fact, if you've been playing the Home Game, you own a lot of oil: you are gloriously LONG OIL. You are gushing in it. You are the Saudi Arabia of your neighborhood.
And each and every day, the rest of the world has to come to you and me and buy oil in.