Candid and thought-provoking interviews from the worlds' top experts make it abundantly clear that we are dangerously close to the bottom of the barrel. However, whilst hinting at just how dark the post-oil world could be, this highly entertaining yet disturbing expos' provides not only questions but a glimmer of possible solutions to the most perplexing and important economic, environmental and public policy issue of our time.
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The trade would lose money if the market reverts to a normal backwardation structure. In backwardation, the spot price is higher than the price for farther out contracts. Say the price of oil two months out goes to $59, while the spot price goes to $60. This would be a market in backwardation . Oil in particular, as well as other energy commodities, are subject to a backwardation term structure because short-term supply fears have a tendency to drive up the spot month price. These factors could include weather issues or political instability in the Middle East. Precious metals are less likely to suffer from backwardation, since supply is generally not subject to interruption as energy commodities are.