Opec

Oil Reaches Historic Highs While OPEC Holds Us in Contempt

Raymond J. Learsy | Posted 07.14.2008 | Business


Raymond J. Learsy

Neither our citizenry nor those in government has petitioned or acted to seriously cut back this nation's voracious oil consumption, the largest by far on the planet.

Happy Oil Dependence Day

Robert Scheer | Posted 07.02.2008 | Politics


Robert Scheer

It was always about the oil -- that's why "we" invaded Iraq -- only "we" aren't getting any, at least not at a reasonable price. The oil companies are.

The Saudi Oil Summit: Pipeline to Nowhere

Raymond J. Learsy | Posted 06.30.2008 | Business


Raymond J. Learsy

Given the unwillingness of the Saudis and their assembled OPEC brethren to propose anything meaningful that would alter current price or supply trends, the Jeddah oil "summit" was a dud.

Questions Energy Secretary Bodman Need Ask At This Weekend's Summit In Saudi Arabia

Raymond J. Learsy | Posted 06.20.2008 | Business


Raymond J. Learsy

Why are oil prices at levels that nobody seems to be able to explain, levels that seriously and negatively impact the world economy, especially those of developing countries?

Obama Pledges Imposing "Oil Windfall Profits Tax" -- Right Message, Wrong Language

Raymond J. Learsy | Posted 06.12.2008 | Business


Raymond J. Learsy

On Tuesday, oil companies with the help of Senate Republicans showed the nation who's boss. Maybe we could shame them into doing the right thing by calling the legislation the "Cartel Profits Tax."

WATCH: OPEC Chief: "There Is No Shortage Of Oil"

Reuters | Darcy Lambton | Posted 06.11.2008 | Business


OPEC takes another swipe at speculators blaming them for driving oil prices to record highs. Speaking at the Reuters Energy Summit, the oil cartel's ...

This Administration's Singular Achievement: Making the World Safe For Gluttonous Oil Profits On the Backs of American and World Consumers

Raymond J. Learsy | Posted 06.09.2008 | Business


Raymond J. Learsy

In doing nothing, other than occasional ineffectual lip service, and worse still, supporting policies favorable to oil industry interests, they have made a bad situation far worse.

Oil's Largest One-Day Gain On Record: Thank You, Mr. Bernanke

Raymond J. Learsy | Posted 06.06.2008 | Business


Raymond J. Learsy

Basically, Bernanke signaled to the markets and the world at large that high prices were not an issue for this government, nor would they be as oil prices moved higher still.

Our Treasury Secretary Pumps For OPEC

Raymond J. Learsy | Posted 06.02.2008 | Business


Raymond J. Learsy

Paulson' recent statement gives underpinnings to perhaps the greatest swindle in history: the current price of crude oil on world markets.

Oil -- Congress Finally Takes Charge Yet Must do Much Much More

Raymond J. Learsy | Posted 05.29.2008 | Business


Raymond J. Learsy

With a motivated and focused Congress, zeroing in on NOPEC legislation with enough votes to override the president's ever obstructionist veto, much could happen to solve our energy and global warming nightmare swiftly.

Oil Shock: Mexico and China Not Exxon Stupid

Diane Francis | Posted 05.26.2008 | Business


Diane Francis

The biggest reason prices have been soaring is that astute investors are now understanding the future supply and demand reality.

The Politics of Bad Ideas: The Curse of Reaganism

Bryan D. Jones and Walter Williams | Posted 05.23.2008 | Politics


Bryan D. Jones and Walter Williams

America must come to realize that Reaganism is the philosophical underpinning of our woes. They are due to George W. Bush's mismanagement, but more fundamentally, by our slavish worship of flawed political philosophy.

Paul Krugman and the New York Times' Pious Pontifications at the Pump

Raymond J. Learsy | Posted 05.16.2008 | Business


Raymond J. Learsy

According to Krugman the high oil prices as we now know them are a legitimate reflection of market forces. Simple as that. Economics 101. Oh, for the good old days.

The Why of Chokingly High Oil Prices: Bush Together with Saudi Arabia Spells Disaster for America

Raymond J. Learsy | Posted 05.12.2008 | Business


Raymond J. Learsy

As our so-called friends in Saudi Arabia watch our economy sink into recession, it's clear that the price of Mr. Bush's friendship has become frighteningly expensive to us and the rest of the world.

US Puppet State Dances on OPEC's Strings

Henry Blodget | Posted 05.09.2008 | Politics


Henry Blodget

Where have our benighted energy policies of the last eight years left us? On our knees--begging OPEC to please, pretty please, open the spigots and pump more oil.

Senate Dems Counter-Pander

David Roberts | Posted 05.07.2008 | Politics


David Roberts

Perhaps a politician or two might try finding out what happens when you treat voters like adults and tell them the truth. The era of cheap energy is ending.

Clinton: OPEC Can No Longer Be A Cartel

The Politico | Ben Smith | Posted 05.05.2008 | Business


Clinton's attacks on oil prices as artificially inflated, Enron-style, keep escalating, and today she appeared to threaten to break up the Organizatio...

The New York Times' Hidden Hand On Oil's Agenda

Raymond J. Learsy | Posted 04.25.2008 | Business


Raymond J. Learsy

Leave it to the New York Times and Mouwad to convey the imprimatur of what once passed for serious journalism to this greatest of all con games.

OPEC chief: Oil prices would go higher regardless of supply

AP | MARIA GRAZIA MURRU | Posted 04.20.2008 | Business


ROME — OPEC Secretary-General Abdullah el al-Badri said Sunday oil prices would likely go higher and that the group was ready to raise productio...

Hugo Chavez's Very Excellent Windfall Oil Profit Tax

Raymond J. Learsy | Posted 04.17.2008 | Business


Raymond J. Learsy

Hugo Chavez is not a friend of ours, but he does come up with some good ideas, since we are dealing with a commodity that has left all ballast of free market determination far behind.

Victory in Iraq! Oil Over $100 Barrel and 35 International Oil Companies Vying To Bid On Iraqi Oil Projects

Raymond J. Learsy | Posted 04.14.2008 | Business


Raymond J. Learsy

Only three years ago even OPEC was talking with embarrassment about oil prices exceeding $50 a barrel as our descent into the hell of Iraq continued unabated.

Commodities are No Country For Old Men

Richard Thomas | Posted 04.09.2008 | Business


Richard Thomas

The commodity market will continue on its course for the foreseeable future as misalignments in trust, confidence, and expectations continue to violently adjust.

As Oil Touches All-Time Highs, Our Deparment of Energy Takes Us For Fools

Raymond J. Learsy | Posted 04.09.2008 | Business


Raymond J. Learsy

If there is an administration strategy, its focus is not getting at more oil -- it is laying the groundwork for and successfully rationalizing to a gullible public the ever skyrocketing oil prices.

Iran to OPEC: Stop Oil Sales in Dollars

AP | Posted 04.07.2008 | Business


TEHRAN, Iran — Iranian President Mahmoud Ahmadinejad is urging OPEC members to form a joint bank and stop pricing oil trades in U.S. dollars. A...

Cheney Greets King Abdullah In SaudiLand With High Fives As Oil Sails Past $100 Per Barrel

Raymond J. Learsy | Posted 03.27.2008 | Business


Raymond J. Learsy

If anything can be called a success in these bleak seven years, it is the oil industry's triumphal avalanche of riches, having been orchestrated with the White Houses' blessing.


 

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