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Commodity Exchanges

Traders, Say Hello to the Internet of Things

John Bates | Posted 03.08.2015 | Technology
John Bates

The Internet of Things (LoT) is getting ready to change the world. Connected people, places and things are already communicating data into increasingly sentient industries. But, to date, it has not been clear how the financial services world can take advantage.

OPEC Is Over

Raymond J. Learsy | Posted 11.30.2015 | Business
Raymond J. Learsy

Without enormous discipline in a vastly oversupplied market an OPEC as constituted today is no longer viable.

Blatant Distortion and Manipulation of Oil Prices Laid Bare

Raymond J. Learsy | Posted 10.26.2013 | Business
Raymond J. Learsy

What transpired on Friday was a brutal movement in the price of oil to the enormous benefit to oil interests. And for no reason that can be explained by either an interruption in supply, direct nor indirect, nor significant change in demand, nor economic data supporting the move.

Your Price of Gasoline Is Going Up! How Sweet It Is!

Raymond J. Learsy | Posted 09.13.2013 | Business
Raymond J. Learsy

The days of the Commodity Exchanges functioning as casinos should be brought to a cataclysmic halt by forceful government action serving the interests of the public's well-being and sane economic policy.

Americans Pay at the Pump While Speculators Profit and Play

Raymond J. Learsy | Posted 09.10.2013 | Business
Raymond J. Learsy

The system stinks. Speculators and Wall Street players and the oil patch win, amassing enormous profits, contributing nothing, while Americans are fleeced for goods vital to their daily lives.

Energy Exports Are Good! But!

Raymond J. Learsy | Posted 07.20.2013 | Business
Raymond J. Learsy

Unlimited exports of U.S. natural gas without restoring honest supply-and-demand-based markets worldwide will permit us to kiss goodbye to the jobs that would have been created, as gas prices will be pumped to artificially determined world levels, much to the glee of the 'oil patch.'

EU's Oil Probe Years Overdue. Targets Wrong Benchmark

Raymond J. Learsy | Posted 07.16.2013 | Business
Raymond J. Learsy

The European antitrust authorities have finally carried out inspections of oil firms in three countries as well as the offices of the price-index publisher Platts, to determine if they distorted published prices of crude oil and petroleum products. It is a first step, long overdue, but it targets the wrong benchmark.

The Wall Street Journal Rides to the Rescue of Jamie Dimon

Raymond J. Learsy | Posted 07.13.2013 | Business
Raymond J. Learsy

In a scolding editorial yesterday, "Targeting Jamie Dimon," the WSJ berates the "activist shareholders and the ususal media scolds pushing for JP Morgan to strip Mr. Dimon of his Chairman's role in the name of better corporate governance..."

Putin's Russia Now World's Largest Gold Bullion Buyer -- Why?

Raymond J. Learsy | Posted 04.14.2013 | Business
Raymond J. Learsy

Given the stakes at hand, would it be a real surprise that with its wealth and given the economic and strategic importance of oil revenues to Russia's well being, and with the talent at hand, that Russia is doing whatever it can to keep the price of oil high and ever higher still?

The Appointment of Our Next Energy Secretary

Raymond J. Learsy | Posted 01.16.2013 | Politics
Raymond J. Learsy

The Obama administration now has an opportunity to reposition the Energy Department as a force for national energy independence, an economic force for national security, and as a monitor and sponsor of rational energy pricing thereby husbanding a mighty engine of economic growth.

The Great Drought: Agriculture, a Harbinger of America's Future

Raymond J. Learsy | Posted 10.06.2012 | Business
Raymond J. Learsy

Clearly, a disaster in the making. A disaster not only for food prices in the American market, but portending a food crisis worldwide. It is an act of nature that has unsheathed a fact of fundamental significance, but barely touched upon in either political nor civil discourse.

Oil Price Skyrockets 9.36 Percent in Friday's Trading, Supply and Demand. Eh??

Raymond J. Learsy | Posted 09.01.2012 | Business
Raymond J. Learsy

If a bank can manipulate such a vast market, is it not conceivable that a national entity, whose economy is deeply tied to oil prices, might well attempt to bring about an analogous manipulation?

Commodity Exchanges Prime the Pump for Higher Oil/Gasoline Prices

Raymond J. Learsy | Posted 07.31.2012 | Business
Raymond J. Learsy

Maybe we should all send our next gas station tab to the good folks at CME headquarters in Chicago. Surely they protest too much.

Blatant Insider Commodity Trading Given Pass That Would Put Stock Traders in Handcuffs

Raymond J. Learsy | Posted 07.06.2012 | Business
Raymond J. Learsy

Here we have this enormous dichotomy between insider trading in stocks and bonds, and commodities. The difference being, with commodity trading, most everyone is impacted.

President Obama Speaks and the Oil Speculators React

Raymond J. Learsy | Posted 06.24.2012 | Business
Raymond J. Learsy

Natural gas, as traded today on U.S. exchanges, is a uniquely isolated American commodity and any attempt at influencing its price, overt or otherwise, would fall under the purview of the nation's anti-trust laws and its stated prohibitions to all manner of collusion.

The Volcker Rule's 'Unintended Consequences'

Reuters | Posted 05.27.2012 | Business

* Study says exemption for market making should be broadened * Says gasoline and power costs could rise without changes ...

Gary Gensler of the CFTC: Reformer or Wolf in Moth Eaten Sheep's Clothing?

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

While Gary Gensler and his CFTC Vaudeville act continue to fiddle away, their distortion in oil prices is burning a billion dollar hole a day in American consumers pockets.

President Obama Bests Bush and Cheney in Coddling Oil Markets

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

There is a great deal the president could do to change the psychology of the oil market and put downward pressure on prices. We don't have to accept $4/gallon oil on a permanent basis.

Obama Finally Takes On the Banks -- Commodity Futures Trading Needs Be Next!

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

Since we'll never eliminate the commodity exchanges that trade oil futures, we must at least control speculation and trades.

Dennis Gartman, the Dean Of Commodity Traders Doesn't Understand the Recent Move in Oil Prices -- Let Me Try to Explain

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

To paraphrase Mr. Gartman, "when I don't understand what is happening, I get out the market."

Obama Nails It: Calls For Release of 70 Million Barrels From The Strategic Petroleum Reserve

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

Finally we have some one on the national presidential stage willing to confront the staggeringly high oil prices at its core.