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Goldman Sachs Predicting $45 Oil By October

James Stafford | Posted 05.21.2015 | Business
James Stafford

Could oil prices be in for yet another decline? Oil prices have rebounded with surprising speed in recent weeks, with WTI prices bouncing by more than a third from March lows. There are good reasons for this.

Saudi Arabia Continues to Turn Screws on U.S. Shale

James Stafford | Posted 05.13.2015 | Business
James Stafford

As Saudi Arabia continues to ramp up production, taking market share away from U.S. shale producers, U.S. shale is being forced to cut back. This story has been told many times over the past few months, but the data is finally confirming the success of Saudi Arabia's strategy, albeit a minor one thus far.

The Price of Oil Is Rigged

Raymond J. Learsy | Posted 10.05.2013 | Business
Raymond J. Learsy

There is no transparency whatsoever in the trading of oil on the commodity exchanges. We don't know who is taking positions and for whose account.

JPMorgan Exits Physical Commodity Trading

Raymond J. Learsy | Posted 09.28.2013 | Business
Raymond J. Learsy

Quite dramatically, being the biggest bull in the China shop, JPMorgan Chase made the striking announcement this past week that it would quit trading in physical commodities.

You Will Be Paying Higher Gasoline Prices. It Is Essential You Begin to Understand Why!

Raymond J. Learsy | Posted 09.15.2013 | Business
Raymond J. Learsy

In the face of escalating gas prices, the oil patch, their allies and Wall Street are counting on your ignorance permitting them to pick your pockets, spoon-feeding you nonsense while they cash in massively.

Oil's Massive Price Distortion Militates the Reconvening of the 1970s Federal Oil Price Task Force

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

It is long past time that our government take seriously and study intensely how oil prices are determined in a world of OPEC, speculation, timid oversight and failing transparency.