As usual Spice very well thought out and written.
Post# of 2009
Jerry will prevail folks, but (and if you don't believe me do your own DD), arranging a deal with a buyer and seller is not at all like going into any store you may visit and ask how much it is. You as the buyer only have to say ok and decide to purchase it or not (no haggling or wheeling and dealing). If you decide to purchase it, then like in the oil commodity business you need to sell it again to someone. And guess what?! The whole negotiation process begins again this time with the commodity trader and end buyer wheeling and dealing back and forth. What a complex process. No wonder it hasn't been as easy as being something from your local grocery store!!! Oh and don't forget all the unscrupulous people out there that want to make a buck for nothing.
In the commodity business it is back and forth and back and forth and, well you get the idea (plus it is being done on a world wide level with a little issue of time zones, language barriers, politics, and you name it thrown in just for good measure. Multiple steps that anyone of them, no matter how small, can throw the whole deal in the garbage can. Then it is start over time finding a new seller and starting the process again.
Again, folks, think of the arrangement for JV2 as a "test" run if you will of 1mil to make sure all parties are satisfied and then the oil product starts to flow continuously between seller and buyer and end buyer.
2015 is the year of XUN without a doubt in my mind!!