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Oil Speculation

Bernie Sanders Accuses Oil Speculators Of Using Iraq As An Excuse To Drive Up Prices

The Huffington Post | Shadee Ashtari | Posted 06.20.2014 | Politics

Sen. Bernie Sanders (I-Vt.) accused oil companies and Wall Street speculators Thursday of using the recent crisis in Iraq as an excuse to artificially...

Which Is It, Crude Oil Price, Features Oil Price, or Spot Price of Oil?

Emmanuel I.S. Ajuzie | Posted 04.21.2014 | Business
Emmanuel I.S. Ajuzie

Why is it that after a long period of unprecedented monetary policy initiative of $85 billion monthly expenditures to buy back government securities -- granted that it is being trimmed down -- we have not witnessed a significant economic growth and still arguing about the direction of job creation?

Gas Prices: Should They Continue to Rise?

Emmanuel I.S. Ajuzie | Posted 01.23.2014 | Business
Emmanuel I.S. Ajuzie

No other commodity has that type of influence on our economy and the economy of the world. If that is true, the question then is why do we treat it in the same manner we treat other commodities with less simultaneous pronounced effect on both domestic and global economy?

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.

The Price of Oil: Speculation, Manipulation Or a Deeply Broken System

Raymond J. Learsy | Posted 09.07.2013 | Business
Raymond J. Learsy

Will it be a serious and searching probe of the malevolent formation of prices in the oil industry, costing American and world consumers billions, or just a cursory headline in the manner of the now discredited 'The Oil and Gas Price Fraud Working Group.'

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.

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?

Romney Opposes Strong Iran Sanction, Favors Wall Street Over Israel

Paul Abrams | Posted 08.05.2012 | Politics
Paul Abrams

One cannot claim to take the Iranian threat seriously and oppose reigning in the oil-speculators on Wall Street who put an extra $66 million per day into the mullah's pockets. But, that is the position of Romney and the Republican Party.

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.

With Gas Prices It's 'Heads I Win, Tails You Lose'

Tyson Slocum | Posted 07.25.2012 | Business
Tyson Slocum

You might think that the declining price of gasoline means that we don't have to pay attention to all that talk about oil speculation driving up the price of oil. Right? Wrong.

Dean Heller Accused Of Oil 'Hypocrisy' By Democrats

The Huffington Post | Michael McAuliff | Posted 04.25.2012 | Politics

Democrats are accusing Republican Sen. Dean Heller of railing against speculation in the oil market on the campaign trail but voting in Congress to pr...

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.

President Unfortunately Gets No Help Attacking Oil Speculation

Daniel Dicker | Posted 06.19.2012 | Business
Daniel Dicker

In a futures market, we can actually see what prices are expected to do in the future, unlike most other asset markets. And in oil? We are in backwardation -- meaning that as time goes on, prices goes DOWN. A lot.

Obama To Unveil New Plan To Address Oil Prices

AP | JIM KUHNHENN | Posted 06.17.2012 | Politics

WASHINGTON — President Barack Obama pushed Congress Tuesday to give oil market regulators more muscle to deter price manipulation by speculators...

Of Oil Prices and Elephants

David Burwell | Posted 06.16.2012 | Green
David Burwell

The debate over gas prices is a parlor game played out in Washington at the start of the driving season every spring. Let's see if we can parse the arguments made by the proponents of the various "truths" about gasoline prices.

Zach Carter

Pain At The Pump? Convenience Stores Blame Credit Card Fees | Zach Carter | Posted 04.09.2012 | Politics

WASHINGTON -- Ten months after the American retailers won a lobbying victory on Capitol Hill against debit card swipe fees, a trade group representing...

Anna Staver

Wall Street 'Casinos' Drive Gas Prices, Experts Say | Anna Staver | Posted 04.04.2012 | Politics

WASHINGTON -- Americans are paying for $4-a-gallon gasoline because Wall Street "casinos" have blocked regulators from cracking down on rampant oil sp...

The Price of Oil: Saudi Hypocrisy, Our Gullibility

Raymond J. Learsy | Posted 05.29.2012 | Business
Raymond J. Learsy

One is compelled to pull out that old chestnut, "There he goes again." The personage of a Saudi oil spokesman entertaining us to one of his seminal dissertations, expounding on Saudi Arabia's concerns for the well being of all mankind.

A Tough-Oil World

Michael T. Klare | Posted 05.13.2012 | Green
Michael T. Klare

The world still harbors large reserves of petroleum, but these are of the hard-to-reach, hard-to-refine, "tough oil" variety. From now on, every barrel we consume will be more costly to extract, more costly to refine -- and so more expensive at the gas pump.

Finally President Obama Utters That Freighted Oil-Drenched Word "SPECULATION"

Raymond J. Learsy | Posted 05.08.2012 | Business
Raymond J. Learsy

This surprising aside while sermonizing us with the usual exculpatory rhetoric emanating from the White House that "...what I've said about gas prices is that there is no silver bullet ..." to high, ever higher gasoline prices.

Why Do Gas Prices Go Up?

Posted 03.02.2012 | Green

From Jim Motavalli and Mother Nature Network: As I write this, regular gasoline is at 2008 levels, more than $4 a gallon, in California, Hawaii and...

Marcus Baram

Justice Antonin Scalia's Son Hired By Wall Street To Fight Dodd-Frank Rule | Marcus Baram | Posted 03.02.2012 | Business

It's got all the ingredients of a high-stakes courtroom thriller: billions of dollars on the line, intense Wall Street deal-making, and highly profita...

The Price of Oil Is Not Fixed at the White House

Georges Ugeux | Posted 04.25.2012 | Business
Georges Ugeux

Recent astonishing debates about the responsibility of the President of the United States Barack Obama -- on the recent increase of the price of a gal...

Oil Slicks: Who Benefits From Gambling on Gas Prices?

Richard (RJ) Eskow | Posted 04.23.2012 | Politics
Richard (RJ) Eskow

We can't know for sure what's behind these oil prices. But what we can know is that we don't know -- and that our government should have the resources to track these markets and intervene when they're being misused.

The Gas Wars

Robert Reich | Posted 04.22.2012 | Business
Robert Reich

Funny, I don't hear Republicans rail against speculators -- the leading cause of rising gas prices. Could that have anything to do with the fact that hedge funds and money managers are bankrolling the GOP as never before?