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Oil Speculators

Romney Opposes Strong Iran Sanction, Favors Wall Street Over Israel

Paul Abrams | Posted 08.05.2012 | Politics
Paul Abrams

One cannot claim to take the Iranian threat seriously and oppose reigning in the oil-speculators on Wall Street who put an extra $66 million per day into the mullah's pockets. But, that is the position of Romney and the Republican Party.

Big Oil's Excuses Running on Fumes

Javier Sierra | Posted 06.18.2012 | Green
Javier Sierra

One could think that an industry that has been around for more than a century should be ready to wean itself from the public trough. But Big Oil's power in Congress is formidable.

Obama To Unveil New Plan To Address Oil Prices

AP | JIM KUHNHENN | Posted 06.17.2012 | Politics

WASHINGTON — President Barack Obama pushed Congress Tuesday to give oil market regulators more muscle to deter price manipulation by speculators...

Want to Lower Gas Prices to $3.00, Now? Tax the Oil Speculators, Now

Paul Abrams | Posted 05.18.2012 | Politics
Paul Abrams

Every time a Honda Civic owner fills his tank, he hands $7.30 to Wall Street. A Ford Explorer driver is even more "generous" -- she provides them with a cool $10.41.

A Tough-Oil World

Michael T. Klare | Posted 05.13.2012 | Green
Michael T. Klare

The world still harbors large reserves of petroleum, but these are of the hard-to-reach, hard-to-refine, "tough oil" variety. From now on, every barrel we consume will be more costly to extract, more costly to refine -- and so more expensive at the gas pump.

Finally President Obama Utters That Freighted Oil-Drenched Word "SPECULATION"

Raymond J. Learsy | Posted 05.08.2012 | Business
Raymond J. Learsy

This surprising aside while sermonizing us with the usual exculpatory rhetoric emanating from the White House that "...what I've said about gas prices is that there is no silver bullet ..." to high, ever higher gasoline prices.

Oil vs. Morning in America

Brent Budowsky | Posted 05.01.2012 | Business
Brent Budowsky

Do not underestimate the potential political and economic power of the recovery that has begun. The economy still faces challenges, but the signs of recovery are real, growing and widening in scope.

Oil Speculators: Manipulative Evil Masterminds Or Just Savvy Investors?

DailyFinance | Posted 07.10.2011 | Business

As the price of oil climbed over the past few months, a growing army of commentators and pundits grimly hinted about "speculators" who were manipulati...

The Inconvenient Truth of Vermont's Oil Speculation

Michael Martin | Posted 01.20.2012 | Business
Michael Martin

A 2 percent allocation might not seem like a lot, but that means that Vermont's pension controls upwards of 78,000 barrels of crude oil, just like the speculators that the Senator admonishes in his ranting letter to the President.

Speculators Drive Pain at the Gas Pump

Earl Ofari Hutchinson | Posted 06.15.2011 | Business
Earl Ofari Hutchinson

The standard reasons for the relentless oil price leap is war in Libya, unrest in the Middle East, political instability in Nigeria and Venezuela, and the perennial jitter that global oil supplies are fast running out. But these are all wrong.

How the Financial Industry is Driving Up Gas and Heating Oil Prices

Josh Garrett | Posted 05.25.2011 | Business
Josh Garrett

If you think chaos in Libya is the only force driving up gasoline prices these days, think again. Over the past few decades, institutional investors like hedge funds and investment banks have flooded oil markets with hundreds of billions of dollars.

CFTC Pins Blame For Oil Spike On Speculators

Wall Street Journal | By IANTHE JEANNE DUGAN and ALISTAIR MACDONALD | Posted 05.25.2011 | Business

The Commodity Futures Trading Commission plans to issue a report next month suggesting speculators played a significant role in driving wild swings in...

Are Speculators to Blame for Soaring Oil Prices?

Michael Martin | Posted 05.25.2011 | Business
Michael Martin

Speculators can be to blame for price volatility in the short term -- and by that I mean intra-day. But not for days and weeks. Speculators do not cause trends in commodity prices.

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...