Contango (as defined at http://www.investorwords.com)is "a condition in which distant delivery prices for futures exceed spot prices, often due to the costs of storing and insuring the underlying commodity. opposite of backwardation." The potential, substantial economic and worldwide significance of contango came to light after an investigative reporter did a review of contango's effect on world oil prices. That analysis can be found on NPR's "All Things Considered" dated August 24, 2006 entitled "Analyst: Blame Investors for High Gas Prices".
"Contango" might be one cause for up to 20% of the past run up in prices of oil around the world. Major investors such as hedge funds, brokerage houses, banks, pension funds, etc. are making large guaranteed profits whenever unusual levels of contango develop in oil commodity prices. Contango is the opposite of "backwardation" (where the reverse price level differences occur in the futures market). Contango lets investors lock in guaranteed significant profits by buying oil at "low" current prices and selling the same oil to others at guaranteed higher prices in the future i.e. through the futures market. When the price of storage and insurance to hold the commodities for future delivery (plus the initial purchase price) is less than the total future price received, then guaranteed profits result by utilizing and understanding contango.
by Ubunto September 15, 2008
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by Berbasex October 31, 2009
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The Logical Shitstorm Continuum basically amounts to a giant "tank" where all the stupidest, most nonsensical and illogical things that people think, say, and do are being stored by God for the day when He gets to point out what a bunch of fucking assholes the lot of us are and how lucky we are that He forgives us for it. When this "tank" finally hits full, the Apocalypse will begin, the world will end, and a whole lot of people are going to say, "Wow, not only is there a God, but He really did keep track of every stupid thing I said and did."
It also serves as a storage facility for every one of Will Ferrell's movies, though this is keeping in line with the preceding definition.
It also serves as a storage facility for every one of Will Ferrell's movies, though this is keeping in line with the preceding definition.
"Think twice about making that speech, Mr. President. It threatens to break the Logical Shitstorm Continuum, and you don't want that to mark the end of your presidency."
"A new Will Ferrell movie was released this weekend, and the United Nations was relived to find that the Logical Shitstorm Continuum has remained intact."
"A new Will Ferrell movie was released this weekend, and the United Nations was relived to find that the Logical Shitstorm Continuum has remained intact."
by JustAnotherGuy February 3, 2010
Get the Logical Shitstorm Continuum mug.I did not think she could have done it but some how she managed to give me the continental breakfast.
by NastyBrett January 27, 2004
Get the continental breakfast mug.Simply stated, "it's not cheating if one partner is on another continent". Thus, the vacationing partner and the one left on the home continent can both proceed with relationships as if single. However, all relationships formed in this time must be terminated upon both partners being on the same continent once again.
Important to note is that no relationship formed during the Continental Rule can supersede the meaningfulness of the original relationship. This means the Continental Rule is primarily for vacation hook-ups and avoiding lonely nights.
The Continental Rule can also be avoided if both partners expressly consent to such terms before being separated.
Important to note is that no relationship formed during the Continental Rule can supersede the meaningfulness of the original relationship. This means the Continental Rule is primarily for vacation hook-ups and avoiding lonely nights.
The Continental Rule can also be avoided if both partners expressly consent to such terms before being separated.
"I'm going away to France next summer, but I don't want to cheat on Jenny."
"Don't worry, the Continental Rule applies; nothing you do there is cheating."
"Don't worry, the Continental Rule applies; nothing you do there is cheating."
by hockeyguy071 December 9, 2008
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Get the circumcised cunt continent mug.The Boss screams, "DAVE! How did you manage to delete the entire database?"
"Not my fault man, the system let me do it. Someone should fix that."
Boss replies, "You created it."
Dave answers, "Continuous Improvement, we will add it to our projects list and get to it next year sometime."
"Not my fault man, the system let me do it. Someone should fix that."
Boss replies, "You created it."
Dave answers, "Continuous Improvement, we will add it to our projects list and get to it next year sometime."
by Nutzen YerMouf May 9, 2018
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