http://www.americanconsumernews.com/2008/11/locked-in-and-knocked-out.html News for Consumers in Changing Times Sun, 12 Feb 2012 04:49:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.americanconsumernews.com/2008/11/locked-in-and-knocked-out.html/comment-page-1#comment-5032 ParatrooperJJ Fri, 05 Dec 2008 21:09:35 +0000 http://www.americanconsumernews.com/?p=1834#comment-5032 Signed a contract, live by it. Signed a contract, live by it.

]]> http://www.americanconsumernews.com/2008/11/locked-in-and-knocked-out.html/comment-page-1#comment-5025 Josh Thu, 04 Dec 2008 01:24:52 +0000 http://www.americanconsumernews.com/?p=1834#comment-5025 I really don't like how people are referring to this as a "controversy". Customers knew what they were signing up for. Paying the previously agreed cost is the sacrifice they had to make to remove uncertainty from their future heating oil payments. This is the obvious consequence of hedging: you remove potential downside by giving up potential upside. I really don’t like how people are referring to this as a “controversy”. Customers knew what they were signing up for. Paying the previously agreed cost is the sacrifice they had to make to remove uncertainty from their future heating oil payments. This is the obvious consequence of hedging: you remove potential downside by giving up potential upside.

]]> http://www.americanconsumernews.com/2008/11/locked-in-and-knocked-out.html/comment-page-1#comment-5022 Roth IRA FAQ, Income Streams and Financial Q & A Wed, 03 Dec 2008 22:12:37 +0000 http://www.americanconsumernews.com/?p=1834#comment-5022 [...] American Consumer News: I wasn’t aware of this, were you? There’s some controversy with oil company prepayment programs that allow customers to lock in the cost of heating oil during the winter months. As oil prices go down, some customers of these prepayment programs are stuck with their higher locked-in costs. Why lock in then? Looks like any cost savings are a wash. [...] [...] American Consumer News: I wasn’t aware of this, were you? There’s some controversy with oil company prepayment programs that allow customers to lock in the cost of heating oil during the winter months. As oil prices go down, some customers of these prepayment programs are stuck with their higher locked-in costs. Why lock in then? Looks like any cost savings are a wash. [...]

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