Saudi Oil Minister: Oil Prices 'Perfect'
CAIRO — Saudi Arabia's oil minister said current global oil prices are "perfect," as several key OPEC members indicated the group was unlikely t...
Opec
The CFTC and Department of Energy Snore Away While the Oil Patch Makes Hay
Raymond J. Learsy | Posted 11.18.2009 | Business
Read More:
Energy,
Opec,
WTI Oil Contract,
Oil,
Department of Energy,
Cftc,
Senator Bernie Sanders,
NY Mercantile Exchange,
International Energy Agency,
Business News
It is clear that the price of oil as currently constituted no longer has anything to do with the market dynamics of supply and demand.
Oil's Massive Price Distortion Militates the Reconvening of the 1970s Federal Oil Price Task Force
Raymond J. Learsy | Posted 11.08.2009 | Business
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
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.
Global Warming Fight: Saudi Kingdom Wants Countries To Pay For Drop In Oil Revenue
New York Times | AD MOUAWAD and ANDREW C. REVKIN | Posted 10.14.2009 | Business
Read More:
Iea,
Nrdc,
UN Framework Convention on Climate Change,
Saudi Oil,
Mohammad Al-Sabban,
Sauidi Arabia,
Greenhouse Gases,
Victor,
Petroleum,
Oil,
Emissions,
Opec,
Saudi Kingdom,
Global Warming,
Carbon Footprint,
Cutbacks,
Saudis,
Ucsd,
Using Less,
Reduction,
Climate Change,
David G. Victor,
Copenhagen,
Business News
Saudi Arabia is trying to enlist other oil-producing countries to support a provocative idea: if wealthy countries reduce their oil consumption to com...
Oil and a Never-Ending Recession
Diane Francis | Posted 11.16.2009 | Business
Read More:
Energy,
Saudis,
Crude Oil Prices,
Peak Oil,
Supply and Demand,
Oil,
Environment,
Oil Prices,
Oil Demand,
Gasoline Usage,
Green Energy,
China,
Opec,
Recession,
Oil Consumption,
Business News
Higher oil prices mean recessions, recessions mean less consumption, then lower oil prices, which leads to less exploration and supply, which leads to higher oil prices and recession again.
Chairman of Gazprom Predicts $100 Oil Because of Speculation. Speculation, Really?
Raymond J. Learsy | Posted 11.14.2009 | Business
Read More:
Energy,
Treasury Department,
World,
Opec,
Trading Exchanges,
Speculation,
Cftc,
Gazprom,
Bank Holding Companies,
Alexei Miller,
State Deoartment,
Oil,
Russia,
Manipulation,
Natural Gas,
Commerce Department,
Philip Verleger,
Donald Marron,
Green Energy,
Cnbc,
NY Mercantile Exchange,
Business News
"Manipulation" is immeasurably more sinister than "Speculation." It bespeaks of controlling, orchestrating and maneuvering to falsify and rig.
Dennis Gartman, the Dean Of Commodity Traders Doesn't Understand the Recent Move in Oil Prices -- Let Me Try to Explain
Raymond J. Learsy | Posted 09.19.2009 | Business
Read More:
Energy,
Cnbc,
Energy Information Administration,
Sovereign Wealth Funds,
Denis Gartman,
Oil Inventories,
Fast Money,
Oil,
Opec,
Energy Policy,
Commodity Exchanges,
Business News
To paraphrase Mr. Gartman, "when I don't understand what is happening, I get out the market."
Hillary Clinton's Nuclear Defense Umbrella for the Oil Price Gougers -- Who Pays?
Raymond J. Learsy | Posted 08.27.2009 | Business
Read More:
Energy,
Iran,
Politics,
Bush Administration,
Strategic Petroleum Reserve,
Opec,
Saudi Arabia,
Arab Allies,
U.a.E.,
Hillary Clinton Secretary of State,
Oil,
Obama Administration,
Green Energy,
Kuwait,
World News,
Nuclear Defense Umbrella,
William F. Clinton Presidential Library,
Commodity Futures Trading Commision,
Bush Presidential Libraries,
Business News
Clinton, in her recent tour to Southeast Asia suggested clearly that the United States might well extend a "defense umbrella" protecting its Arab allies should Iran develop a nuclear weapons capability.
American People Win 393-35
T. Boone Pickens | Posted 08.24.2009 | Green
A lopsided vote like 393-35 is further evidence that members of Congress recognize the tremendous benefits of natural gas: it's clean, it's abundant, and, most importantly, it's American.
Sarah Palin: Energy Maven
Abe Silk | Posted 08.16.2009 | Politics
Read More:
Energy,
Uae,
Cap and Trade,
Opec,
Crude Oil,
Saudi Arabia,
Russia,
Oil,
Oil Prices,
Washington Post,
China,
Green Energy,
Energy Policy,
Barack Obama,
Sarah Palin,
Politics News
Palin's intentions have never been particularly easy to grasp, but now they're even more ambiguous. She's stepped down as governor of Alaska to ... rail against President Obama's energy plan?
Oil Prices: Debate Over Speculators Intensifies
washingtonpost.com | Steven Mufson | Posted 08.14.2009 | Business
Read More:
Bart Chilton,
Opec,
Derivatives,
Oil Prices,
Commodity Futures Trading Commission,
Cftc,
Business News
The run-up in oil prices that began earlier this year was not as steep as last summer's record climb, but it was almost as mystifying. ...
The Doctrine of "Sovereign Immunity" Presents a Grave Danger to Our Security
Raymond J. Learsy | Posted 08.02.2009 | Politics
Read More:
Supreme Court,
Sidney Harman,
Mike McConnel,
Congress,
12th Centrury,
Saudi Princes,
Green,
Al Queda,
Opec,
Sovereign Immunity,
The Adiministration,
Fred Kaplan,
Saudi Arabia,
Representative Jane Harman,
Energy,
Aspen Institute,
Wmd,
Aspen Ideas Festival,
Politics,
Gen. Jack Keane,
Michael Chertoff,
Politics News
Sovereign Immunity has its roots in old English law postulating that neither the sovereign nor the sovereign state can commit a legal wrong. It is an anachronism of another time and poses a great danger to our security.
U.S. Launches Complaint at WTO Over Chinese Export Curbs While Giving OPEC/Saudi Arabia a Free Pass
Raymond J. Learsy | Posted 07.25.2009 | Business
Read More:
President Obama,
9/11,
European Union,
China,
Opec,
Justice Department,
Federal Trade Commision,
World Trade Organization,
European Trade Commisioner Baroness Ashton,
Financial TImes,
Saudi Arabia,
Oil,
New York Times,
President Bush,
2003 Joint Congressional Inquiry,
Prince Bandar,
Sovereign Immunity,
Department of Energy,
Business News
Though Obama has enough on his plate, if time and energy can be directed at China because of export trade constraints, then certainly action against the OPEC cartel is long overdue.
The Price of Oil Has Doubled on Obama's Watch -- the Time for Action is Now
Raymond J. Learsy | Posted 07.12.2009 | Business
Read More:
Secretary of Energy Chu,
NY Mercantile Exchange,
Crude-Oil-Prices,
Opec,
Cftc,
Strategic Petoleum Reserve,
Wall Street Journal,
Politics,
Department of the Interior,
Sovereign Wealth Funds,
Saudi Arabia,
Oil,
Bush Administraton,
Oil Commodity Exchange Trading,
Department of Energy,
President Obama,
Business News
Speculation and psychology go hand in hand. The Department of Energy has it within its powers to change the temper of the marketplace.
Oil Prices Could Hurt Economic Recovery
Reuters | Muriel Boselli | Posted 07.11.2009 | Business
Read More:
Economic-Recesssion,
Oil Prices,
Crude Oil Prices,
Opec,
International Energy Agency,
Crude Oil,
Recession,
Business News
If oil prices rally too rapidly they could damage any fragile economic recovery, the head of the International Energy Agency (IEA) said on Wednesday, ...
All Biofuel Politics Are Global
Bob Dinneen | Posted 07.04.2009 | Green
Read More:
Greenhouse Gas Emissions,
Ethanol,
Biofuels,
Opec,
Oil Dependence,
Epa,
Green Energy,
Green News
The OPEC oil cartel hates ethanol - it eats into their domination and excess profits. Every gallon of gasoline not consumed in favor of ethanol means 50% - 60% fewer greenhouse gas emissions.
Oil Prices: Russia's Medvedev is Puzzled But the Financial Times Knows Best
Raymond J. Learsy | Posted 07.04.2009 | Business
Read More:
Russian President Medvedev,
Politics,
Commodity Futures,
World,
Saudi Arabia,
Agricltural Commodities,
Oil,
Russia,
Financial TImes,
Media,
Opec,
Cnbc,
Maria Bartiromo,
Energy,
Business News
Far be it for the Financial Times, forever the apologist for any upward aberration in oil prices, to discuss the machinations of OPEC, or trading aberrations on commodity exchanges.
OPEC Meets Pumping Billows of Hot Air While Curtailing Production of Oil
Raymond J. Learsy | Posted 06.28.2009 | Business
Read More:
Supertankers,
Saudi Arabia,
Saudi Oil Minister Al Naimi,
Politcs,
Sigmund Freud,
Oil,
Opec,
Energy,
Business,
Vienna,
Media,
Sovereign-Wealth-Funds,
Business News
The good nabobs of OPEC are going to Vienna to munch their strudel, lamenting about the urgency to push prices to the $75-80/bbl level before they can order a second course.
How Sweet It Is... Brazil's Sugar Ethanol Fuels China's Recovery
Eric Ehrmann | Posted 07.20.2009 | World
Read More:
Brazil,
Sugar Ethanol,
Obama,
Opec,
Monroe Doctrine,
Wal-Mart,
Big Oil,
Jim Owens,
Agribusiness,
Wto,
Robert Zoellick,
Ethanol,
Caterpillar,
Iraq,
Hillary Clinton,
China,
Hugo Chavez,
Petrobras,
Imf,
Energy,
World News
Ethanol trade has helped make China Brazil's top trade partner, replacing Uncle Sam, who had been top dog ever since Herbert Hoover was in the White House.
Bishop to Queen 4: Recapturing Iran on the Grand Chessboard
Pye Ian | Posted 06.26.2009 | World
Winning Iran's good graces and regional loyalty would pay keen long term dividends.
Gasoline Prices Up $.25/Gallon in Two Weeks -- Time to Refocus on the Strategic Petroleum Reserve
Raymond J. Learsy | Posted 06.18.2009 | Business
Read More:
Energy,
Politics,
World Economy,
Energy Department,
Gasoline Prices,
Strategic Petroleum Reserve,
Oil,
The Economy,
Obama Administration,
Speculators,
Opec,
President Bush,
Financial Crisis,
Business News
It is time for the Obama administration to show it is cognizant of the creeping upward push of oil and gasoline prices and its impact on a still very fragile economy.
Stop Worrying About World Crude Supplies
T. Boone Pickens | Posted 06.15.2009 | Green
Read More:
Russia,
Oil,
Foreign Oil,
Natural Gas,
Opec,
China,
Venezuela,
Brazil,
Ukraine,
Kuwait,
Islamic Republic of Iran,
Green News
Spending time worrying over global oil maneuvers by foreign governments is a waste of time and money. We should have a national project to use domestic natural gas and reduce our imports of foreign oil.
The Reckoning - Thousands of Dealers to Be Cut This Week
Steve Parker | Posted 06.11.2009 | Business
Read More:
National Automobile Dealers Association,
Chrysler,
Ronald Reagan,
General Motors,
Opec,
Specialty Equipment Market Association,
Sema,
Saturn Sky,
Pontiac Solstice,
Detroit,
Cars,
Obama Administration,
Los Angeles Times,
Business News
And now, with Chrysler in bankruptcy and General Motors probably in it in another week or so, the other shoe drops. The one that's really about Main S...
Language, the Media and the Price of Oil
Raymond J. Learsy | Posted 06.08.2009 | Business
Read More:
Energy,
Oil,
Price of Oil,
Media,
Sharon Epperson,
Opec,
International Energy Agency,
Cnbc,
Business News
CNBC provided a perfect example of why the public has been led so far astray when we are informed by the media about oil and its market structure.
The Oil Patch Vaudeville Act
Raymond J. Learsy | Posted 04.30.2009 | Business
Read More:
Energy Information Agency,
James Simmons,
Oil Industry Public Relations,
Norway,
American Petroleum Institute,
Opec,
Wall Street Journal,
Statoil,
Cambridge Energy Research Associates,
Price of Oil,
Goldman Sachs,
Norway Oil Trust,
Peak Oil,
Jad Mouawad,
Gazprom,
Oil,
T.Boone Pickens,
New York Times,
Petoro,
Crude Oil Prices,
Oil Prices,
Matt Simmons,
Business News
The current oil price of $52 per barrel reflects an increase of 400% from one decade ago. What else in your day to day experience has gone up that steeply in the past 10 years? Think about it.
Most Popular on HuffingtonPost
HnbvU%2BcGVUqN%2BS1OcvzJxGmB5ngaFBfItj6zTOScuIE2bykbS3i6PSgsWW7A7huNJl6ZGqoRry4%3D
r3excDoHFWrs1yu4GA2wgwCWz7C1UHhgY2UTcgnbwd0bqKOhN5P2JJLvUVxuDYtxu08D6gUKO18%3D
BmZVn3vz1ar7Q1OWqCvYnArkBQv4LkvsV8VjoMf2bbqjm6KoQ082%2BKZrFiF9vnLeXRv9TeZCzNg%3D
1 of 3
Huffington Post Apps and Feeds
AP | TAREK EL-TABLAWY | Posted 12.05.2009 | Business