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Commidity Exhanges

OPEC's Massive $1 Trillion Haul in 2012 While Sowing Jihad

Raymond J. Learsy | Posted 03.07.2013 | Business
Raymond J. Learsy

This torrent of money flowing into OPEC, especially into the Persian Gulf States, raises the question how this massive windfall is being put to use other than providing fresh capital for the world's largest sovereign wealth funds, as those of Saudi Arabia, United Arab Emirates and Kuwait.

Oil Trading: The CFTC Brings "Duh"! To a New Level

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Our valiant oversight heroes examined Swiss company VITOL's books last month and found that VITOL was more of a speculator holding oil contracts than a means of lining up the actual delivery of fuel.