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Oilgas Pricing Fraud Panel

The Hyped Distortion of Exchange Traded Oil Prices and the Price You Pay for Gasoline

Raymond J. Learsy | Posted 02.17.2013 | Business
Raymond J. Learsy

The U.S. benchmark for crude as traded on the New York Mercantile Exchange is West Texas Intermediate crude in Cushing, Okla. Its price has been hovering near $90/barrel these past weeks -- in spite of the fact that storage capacity at or near Cushing is filled to overflowing.

Exxon Profits Ironically Jump 41% While Our Government Snoozes Away

Raymond J. Learsy | Posted 01.03.2012 | Business
Raymond J. Learsy

Ironically, Exxon's significant increase in profits of late comes after its Chairman and CEO virtually pleaded in May with the pooh-bahs of the Senate Finance Committee to rein in the excessive speculation, if not manipulation, of oil on the commodity exchanges.