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Entries by Raymond J. Learsy from 12/2008

Russia Initiates Overtures to Obama While Plotting Energy Extortion

| Posted 12.04.2008 | Business

Russia's actions on OPEC have given the Obama administration an opportunity to show the American public and the world that the days of oil patch hegemony over Washington are at an end.

Obama's Oil Company Windfall Profits Tax and the Wall Street Journal's Celebration

| Posted 12.08.2008 | Business

The oil companies were not manipulating commodity prices. Their role has been limited to cheering on OPEC and lobbying our government to remain dangerously benign.

Citigroup as the "Grim Reaper"

| Posted 12.10.2008 | Business

In an earlier post, I ended by paraphrasing Lenin, "Wall Street will sell us the rope to hang American Capitalism." Well, in Citigroup we have created the perfect "Grim Reaper."

Next Week's OPEC Meeting "Looney Tunes" and the Contango "High Step"

| Posted 12.12.2008 | Business

The ever obliging oil industry commentators and talking heads are falling all over themselves complimenting the Saudis for their seriousness in abiding by its OPEC allocation.

Obama's Forceful Call to Arms: Defining the Nation's Energy Future

| Posted 12.16.2008 | Green

In an extraordinary press conference yesterday, Obama conveyed a sense that our new government is about to lead us out of our long and hapless wanderings in the desert of fossil fuel enslavement.

OPEC's "Noble Cause"

| Posted 12.17.2008 | Business

OPEC announced today an additional production cut of more than 2 million barrels/day. And surprise, surprise: the price of oil fell by some three dollars a barrel. Sic Transit gloria!

Hillary Clinton, Saudi Arabia and "Foggy Bottom"

| Posted 12.22.2008 | Business

Can Hillary Clinton assure us that there will not be any Saudi preferential access to Foggy Bottom in spite of the myriad millions visited on the Clinton foundation?

Santa Claus Arrived This Year In a Battered Bus Called "OPEC"

| Posted 12.26.2008 | Business

What does the difference of $147/barrel and $35/barrel mean to us (and just remember those OPEC Bus Company sponsors at Goldman Sachs who were predicting $200/bbl)?

The New York Times Wrong-Headedly Propagandizes for an Obama Gasoline Tax

| Posted 12.30.2008 | Business

A better solution would be a "free market" variation of the gas rationing program that served the nation so well in World War II, bringing a shared sense of mission and dignity to the home front.