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I Tried to Buy an Actual Barrel of Crude Oil

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Re: I Tried to Buy an Actual Barrel of Crude Oil

#162
post #135
post #90

Earlier quoted context omitted.

There is an awesome book "Reminiscence of a stock operator" by Edwin Lefevre, the story is about one guy and he does that with coffee in the US, not one, but 2 times. The government actually had to come in and take it from him... The book is a mixture of fiction and real life and it's just great! One of my favorites

It is an awesome book and its an extremely thinly disguised biography of Jesse Livermore. Its interesting to read up on why its thinly disguised. Its widely believed the author both got, and planted, stock tips for Livermore, but the author wanted no written legal document connecting them in case things went wrong and he ended up in court discussing his documented long financial relationship w/ Mr Livermore. Legally…

You should re-read Reminisces if you think that investment decisions were ever calculated in the spirit of Graham/Dodd.

Re: I Tried to Buy an Actual Barrel of Crude Oil

#163
post #4

Another notable excerpt from the linked state safety agency document ( http://www.michigan.gov/documents/cis_wsh_cet5041_90142_7.do... ): -- Two employees of a fertilizer company in Riga, Michigan, were assigned to install a new float valve in an old 35-foot deep cistern for a new 300-foot well. This cistern was covered with a concrete slab with entry through a covered manhole. The first worker entered the cistern an…

If you knew approximately where the dangerous gas was, could you take a deep breath and run in with your breath held? If you prepare for it, you can probably hold your breath for a good minute and some.

Re: I Tried to Buy an Actual Barrel of Crude Oil

#164

Earlier quoted context omitted.

The friends I play Urb-X with are hyper aware that it's the heavier-than-air gasses that pool and that kill you. I find it amazing and depressing they didn't have any sort of safety gear or air monitoring. In the UK, I'm sure this would have breached both working at height and enclosed spaces working regulations. Even if we're exploring something as pathetic as an old ROC bunker only _one_ of us (usually me) goes dow…

Absolutely. This is also well known in the amateur caving community too, who follow similar practices to those outlined by yourself. I too find this crazy. As they say in the diving industry about water and confined spaces: a deceptively easy way to die.

I've just realised that the word document linked to actually seems to be dated 1974 (google makes it seem possible that the incident was 1971). It doesn't excuse anything but I like to think we've gotten a bit better since then. I get the impression in caving circles at least, "bad air" is much better understood these days.

(irrelevant, but for the record, cave diving scares the pants off've me =) )

Re: I Tried to Buy an Actual Barrel of Crude Oil

#165
post #110

Earlier quoted context omitted.

I've thought about getting a used H2S detector on eBay, but ideally you'd want to test and calibrate them, and there's the rub.

I've looked into it in the past and keep looking at atleast a £500 cost -usually more if you want O2, CO, CO2, H25 (I think those were the ones I decided I was interested in).... and _then_ there's the certification cost, so I really can't justify it (though I'd love to). My friends dad used to be a safety inspector duwnt' pit in the 70's and he's been trying to convince me to get an old Davy Lamp and to just pay att…

Alibaba's got them from about $150 single gas http://www.alibaba.com/product-detail/NEW-K60-handheld-0-200...

$400 multi http://www.alibaba.com/product-detail/Portable-diffussion-ty...

Re: I Tried to Buy an Actual Barrel of Crude Oil

#166
post #151
post #135

Earlier quoted context omitted.

It is an awesome book and its an extremely thinly disguised biography of Jesse Livermore. Its interesting to read up on why its thinly disguised. Its widely believed the author both got, and planted, stock tips for Livermore, but the author wanted no written legal document connecting them in case things went wrong and he ended up in court discussing his documented long financial relationship w/ Mr Livermore. Legally…

> its a comedy in the sense that market prices currently have no relationship to fundamentals from a Graham perspective You missed the whole point of Security Analysis and Intelligent Investor(another Graham book). The market is irrational from time to time, so you patiently wait on the side when prices are overvalued and invest in fundamentally good companies when prices are undervalued.

Not missed on a large enough scale. Prices used to fluctuate and occasionally be below the fundamental value. That never happens anymore, supply and demand issues. Given that fundamental value never exceeds price, if I were investing instead of speculating/gambling I'd never buy in. And if you're speculating/gambling, the fundamental value of a company is irrelevant. Or rephrased the above is the comedy I'm referring to.

Re: I Tried to Buy an Actual Barrel of Crude Oil

#167
post #141
post #132

Earlier quoted context omitted.

The short version is more likely CO2, not CO, and the detector was probably fooled by methane. In more detail: I was motivated to google, and much like radioactivity or electric current its possible to measure "scary" things to low levels that don't usually matter, and according to a 1982 gastroenterology paper that I found, aerobic fecal fermentation will produce an irrelevent yet measurable extremely low CO output…

>"so its unlike bowel gas analysis was a high priority in the specs" Classic :) After digging through ebay and google images for awhile, I finally found one of the two different units that we used: http://www.equipcoservices.com/sales/rae/multirae_plus.html That one actually has, at least what sounds like, a built in aquarium pump that actually draws air into the unit. The other style we used seemed to be completely…

I was motivated to bottom up research vs your top down and apparently technology has advanced and the cool kids these days are using obscure semiconductors that drop in resistance as reductive (as opposed to oxidative) gases adsorb on the surface, then periodically they heat up and cook off the adsorbed stuff (otherwise they'd be permanent total dosage sensors).

http://www.ewinsen.com/Admin/uploadfile/201209/2012916105693...

It ends up being the same argument on a high level that for both operational and practical reasons the sensors usually respond to anything that burns / reduces in the presence of oxygen regardless of specific chemistry and design.

Re: I Tried to Buy an Actual Barrel of Crude Oil

#169
post #110

Earlier quoted context omitted.

I've thought about getting a used H2S detector on eBay, but ideally you'd want to test and calibrate them, and there's the rub.

I've looked into it in the past and keep looking at atleast a £500 cost -usually more if you want O2, CO, CO2, H25 (I think those were the ones I decided I was interested in).... and _then_ there's the certification cost, so I really can't justify it (though I'd love to). My friends dad used to be a safety inspector duwnt' pit in the 70's and he's been trying to convince me to get an old Davy Lamp and to just pay att…

Fun fact about CO, that may sometimes be overlooked: not only is it odourless and poisonous - but it's also highly flammable!

Re: I Tried to Buy an Actual Barrel of Crude Oil

#170
post #6

Relatedly(?) When I had a diesel car, I bought and stored a small barrel of biodiesel in the basement of our apartment (saving like $0.05 a gallon!). I was told that diesel doesn't burn except under extreme pressure, and that you could throw a match into an open cup of diesel and it would just go out. Never actually tested that out.

You can throw a match into an open cup of cold diesel and it'll go out. But if the cup gets hot, diesel vapour will start coming off the top, which will ignite. If you're unlucky it'll produce enough heat to vapourise more diesel, etc. Also, if you let the cold diesel touch cloth, it'll get wicked up, and the diesel-soaked cloth will ignite really easily. That will in turn generate enough heat to etc. The same applie…

Ah, fond memories of playing with candles. Make enough "wick" of thin metal wire, and at some point the flame will boil off gases from the candle/pool of melting paraffin wax. At this point, cheap glassware will likely crack from the heat -- spilling hot wax over the table, likely igniting it - best advice is to quench the flame before it gets to that. Or so I've heard.
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