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As mentioned is there something like it here? Minister without Pornfolio in charge of transport issues need not worry about swings in COEs if he implements this.

Are we going to see a drop in prices at the petrol kiosk tomorrow? Oil prices drop

Felipe Massa insists he is not being affected by the speculation predicting his Ferrari tenure will end this season. The Brazilian's contract runs out this year, and amid rumours that Robert Kubica could be set to replace him in 2011, 29-year-old Massa is currently struggling to match the pace of his new teammate Fernando Alonso. "For sure I am happy to stay (at Ferrari) if they want me, I trust Ferrari and in the end I have no interest in what people are saying. "What I care about is working hard and fixing things as quickly as possible," Italian reports quote him as saying. Corriere dello Sport suggested that Massa might be headed to Red Bull next year, to replace the possibly retiring Barcelona winner Mark Webber. "In this world you hear so many things every week and every month," said Massa, who became Michael Schumacher's last Ferrari teammate in 2006. The Massa/Red Bull rumour comes in the wake of Lewis Hamilton's assertion two months ago that 33-year-old Webber might retire at the end of 2010. It is further rumoured that while Kimi Raikkonen was earlier expected to return to F1 in Webber's place next year, the 2007 world champion might in fact be content to prolong his new world rallying foray. To Sydney's Sun-Herald newspaper, Australian Webber has once again played down the Hamilton comments. "They came about from when we were on a plane together back from the Japanese grand prix last year," he revealed. "We were talking about getting the timing right in terms of retirement, in sport in general. When I do call it a day - and I really don't think that it will be at the end of this year - I want to do so on a good note. "But I'm driving well enough and I believe I can still bring a lot to the plate in the next year or so -- meaning next year," Webber insisted. "I've got a few years in me yet." Source: GMM

Experts out there. Found that Philip Securities cater for retail trades in oil futures? Exchange Contract NYMEX Light Sweet Crude Heating Oil Unleaded Gasoline Natural Gas New York Harbor RBOB Gasoline Mini-Crude oil Mini-Heating Oil Mini-Gasoline ICE Brent Crude Gas oil WTI Crude TOCOM Kerosene Gasoline Crude Oil Which one should I dabble in? Highest volume, lowest commission etc ? Thks.

What an innovative way to speculate By Hugh Chow? LISTEN up! Have you heard the word on the street? Somebody's put out a contract on Saddam Hussein. A futures contract. Futures contracts - those arcane derivatives instruments normally associated with the world of high finance - are now being traded on the Internet over when the Iraqi President is likely to be ousted from power. In recent days, talk of these unusual futures has been doing the rounds among the financial whiz kids at the Government of Singapore Investment Corporation. The Dublin-based online betting firm that offers these contracts says 27 people in Singapore have jumped at the chance to profit from political developments halfway around the world - though most of the traders so far have been based in the United States. tradesports.com is giving aspiring Nick Leesons the chance to buy and sell two futures contracts whose values change in line with the prospects of the Iraqi leader being toppled in the coming months. The first contract allows punters to take a position over whether Mr Saddam will be gone by the end of March. The second extends the effective period until the end of June. Futures contracts are agreements to buy or sell an underlying asset at a specified price and time in the future. They usually derive their value from shares, stock market indexes and commodities. In this case, the 'asset' is the money staked by punters over the likelihood of Mr Saddam surviving until March, or until June. Suppose you stake $50 that he will be gone by March 31. If he is toppled before this date, you would win your money back, plus an additional sum determined by positions taken by other punters. This amount is taken from the losers' accounts and credited to yours. If not, you would lose your $50, which then goes to the punters who got it right. What makes this different from a standard wager is that the 'bets' themselves can be traded because their values change with developing news which could affect the outcome. tradesports.com says most participants choose not to hold these contracts to maturity, but they buy and sell with each new development. For the March 31 contract, for example, the price fell when Mr Saddam appeared to be co-operating with international weapons inspectors - but rose again when empty chemical warheads were discovered south of Baghdad last week. As with conventional exchanges, trading takes place between members. The firm charges a small fee for each transaction. tradesports.com chief executive officer John Delaney said: 'The idea was a result of looking at all the things that have an impact and how passionate people are about this particular issue.'