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Leon Hess

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.

J.P. Morgan Chase Banks on Buying Into the Casino

Raymond J. Learsy | Posted 01.25.2012 | Business
Raymond J. Learsy

J.P. Morgan Chase is buying a stake from MF Global in the London Metals Exchange that will make it the largest single share holder ahead of guess who? Right, Goldman Sachs!

Top 5 Sports Stories

Len Berman | Posted 10.24.2011 | New York
Len Berman

When the Raiders chose Ohio State quarterback Terrelle Pryor yesterday in the supplemental draft, you probably went "duh." No player has been too troubled or overrated for the black and silver to take a flyer on.

BP's Smoking Gun and the Manipulation of Oil Prices

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

BP is clearly in the game to maximize profits, and the higher they can push prices through their trading on exchanges, the better for BP's bottom line. How many other producers worldwide are playing the same game?

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.