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The Oil Market Plays Casino While the Obama Administration Acts as Croupier

Raymond J. Learsy | Posted 11.19.2011

Read More: Energy, Cme, Timothy Geithner Treasury Secretary, Senate Finance Committee, Cnbc, Jim Cramer, Obama Administration, Wall Street Journal, Nymerc, Cftc, Gordon Brown, Politics, Oil, Rex Tillerson, Exxonmobil, Financial Crisis, Nicolas Sarkozy, Joe Nocera, Sheila Bair, Citigroup, Business News
Raymond J. Learsy

The Cramer interview is breathtaking in exposing the administration's total lack of understanding of the distorted formation of the price of oil and gasoline in today's markets and seemingly impervious to its cost to the economy and its destructive impact on jobs.

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As Stocks Gyrate the Oil Patch and Their Casino Cronies Continue to Strangle the Economy

Raymond J. Learsy | Posted 10.15.2011

Read More: Energy, Barnett Shale, Russian Gas, Brent Crude, Argus Oil Index, Attorney General Eric Holder, Oil-and-Gas-Price-Fraud-Working-Group, Commodity Futures Trading Commission, Nymerc, Shale Gas, Marcellus Shale, London, Politics, West Texas Intermediate, Oil, International Energey Agency, Ftc, Natural Gas, Thomsen-Reuters, Business News
Raymond J. Learsy

The formation of oil prices in this day and age is a farce, having little and ever less to do with the market disciplines of supply and demand.

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

Raymond J. Learsy | Posted 05.25.2011

Read More: Barclays, Goldman Sachs, Argus Index, JP Morgan, Morgan Stanley, Obama Presidency, James Schlesinger, Department of Energy, Oil, Steven Chu Energy Secretary, Opec, Energy, Commodity Futures Trading Commision, Bank Holding Companies, NewYork Times, Media, Wti, Cnbc, Nymerc, Business News
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.

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