iOS app Android app

Oil Speculation

Oil Prices Rising: Are Speculators Back In Action?

BusinessWeek | Posted 05.25.2011 | Business

Many are asking the question about oil prices: Is this deja vu all over again? Didn't we just go through a several-year run-up in prices based largely...

Dems: You Can Box McCain In on Oil Drilling -- In a 'Postpartisan' Way

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

I don't want to see more offshore drilling, but if we can put an end to oil profiteering -- and to the exhaustion of our natural resources to enrich a few -- it would be a trade-off worth considering.

Do You Still Believe it Wasn't Speculation?

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

Oil is a financial asset now. It attracts hundreds of billions of dollars of institutional investment. And like all financial assets throughout time, it is given to fashion and fad.

Speculation About Speculation: Does A Hedge Fund's Collapse Pin Oil Prices On Them?

ClusterStock | Corey Lorinsky | Posted 05.25.2011 | Business

Did the collapse of a little-known private oil-marketing firm, SemGroup, play a roll in oil's 14% price drop over the past 10 days? The Wall Street Jo...

Bush On The Environment: Top 5 Stupidest Things Said Yesterday

Olivia Zaleski | Posted 05.25.2011 | Green
Olivia Zaleski

Although it's great to see Bush take on our nations concerns, I must call out five dumb things he said Tuesday. Most notably, "The president doesn't have a magic wand. You can't just say: 'Low gas!'"

How Not to Lower Gas Prices

Rep. Lois Capps | Posted 05.25.2011 | Green
Rep. Lois Capps

80% of the oil and gas resources off our coasts are already available for leasing and drilling. Listening to Bush, McCain and others, you'd think we've been locking up all our resources -- the opposite is true.

The Saudi Oil Summit: Pipeline to Nowhere

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

Given the unwillingness of the Saudis and their assembled OPEC brethren to propose anything meaningful that would alter current price or supply trends, the Jeddah oil "summit" was a dud.

Daniel Yergin, Oil Expert, Doesn't Blame Speculators For Oil Prices | Vince Farrell | Posted 05.25.2011 | Business

One of the most dangerous places to be is between a politician and a TV camera. The orgy of self-importance going on in Washington over the role of "s...

Commodities Futures Trading Commission To Investigate Who's Driving Up Oil Prices

MarketWatch | Laura Mandaro | Posted 05.25.2011 | Business

SAN FRANCISCO (MarketWatch) -- The Commodities Futures Trading Commission said Tuesday that it is establishing a task force to study the role of specu...

Making Money On Oil Without Buying Oil

Reuters | Jeremy Gaunt | Posted 05.25.2011 | Business

LONDON (Reuters) - A story is told in financial circles that it was not the miners of the California Gold Rush who made money, it was the people who s...

WATCH: OPEC Chief: "There Is No Shortage Of Oil"

Reuters | Darcy Lambton | Posted 05.25.2011 | Business

OPEC takes another swipe at speculators blaming them for driving oil prices to record highs. Speaking at the Reuters Energy Summit, the oil cartel's ...