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Ny Mercantile Exchange

FTC to Probe Oil Price Fixing. Saying So Doesn't Make It So

Raymond J. Learsy | Posted 08.25.2013 | Business
Raymond J. Learsy

Certainly the FTC has its work laid out. The big question now is will they follow through or go the way of the "Oil/Gas Pricing Fraud Panel" of April 2011 from which we have yet to hear a single note?

Obama Echoes The American Petroleum Institute Mantra

Raymond J. Learsy | Posted 05.31.2011 | Green
Raymond J. Learsy

The transfer of billions upon billions of dollars from American and world consumers to oil interests both domestic and foreign continues on and will continue in spite of the programs enunciated by the president.

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.

The CFTC and Department of Energy Snore Away While the Oil Patch Makes Hay

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

It is clear that the price of oil as currently constituted no longer has anything to do with the market dynamics of supply and demand.

Chairman of Gazprom Predicts $100 Oil Because of Speculation. Speculation, Really?

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

"Manipulation" is immeasurably more sinister than "Speculation." It bespeaks of controlling, orchestrating and maneuvering to falsify and rig.

The Price of Oil Has Doubled on Obama's Watch -- the Time for Action is Now

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

Speculation and psychology go hand in hand. The Department of Energy has it within its powers to change the temper of the marketplace.