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...
CAIRO — Saudi Arabia's oil minister said current global oil prices are "perfect," as several key OPEC members indicated the group was unlikely t...
Raymond J. Learsy | Posted 11.18.2009 | Business
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.
Raymond J. Learsy | Posted 11.08.2009 | Business
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.
New York Times | AD MOUAWAD and ANDREW C. REVKIN | Posted 10.14.2009 | Business
Saudi Arabia is trying to enlist other oil-producing countries to support a provocative idea: if wealthy countries reduce their oil consumption to com...
Diane Francis | Posted 11.16.2009 | Business
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.
Raymond J. Learsy | Posted 11.14.2009 | Business
"Manipulation" is immeasurably more sinister than "Speculation." It bespeaks of controlling, orchestrating and maneuvering to falsify and rig.
Raymond J. Learsy | Posted 09.19.2009 | Business
To paraphrase Mr. Gartman, "when I don't understand what is happening, I get out the market."
Raymond J. Learsy | Posted 08.27.2009 | Business
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.
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.
Abe Silk | Posted 08.16.2009 | Politics
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?
washingtonpost.com | Steven Mufson | Posted 08.14.2009 | Business
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. ...
Raymond J. Learsy | Posted 08.02.2009 | Politics
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.
Raymond J. Learsy | Posted 07.25.2009 | Business
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.
Raymond J. Learsy | Posted 07.12.2009 | Business
Speculation and psychology go hand in hand. The Department of Energy has it within its powers to change the temper of the marketplace.
Reuters | Muriel Boselli | Posted 07.11.2009 | Business
If oil prices rally too rapidly they could damage any fragile economic recovery, the head of the International Energy Agency (IEA) said on Wednesday, ...
Bob Dinneen | Posted 07.04.2009 | Green
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.
Raymond J. Learsy | Posted 07.04.2009 | Business
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.
Raymond J. Learsy | Posted 06.28.2009 | Business
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.
Eric Ehrmann | Posted 07.20.2009 | World
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.
Pye Ian | Posted 06.26.2009 | World
Winning Iran's good graces and regional loyalty would pay keen long term dividends.
Raymond J. Learsy | Posted 06.18.2009 | Business
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.
T. Boone Pickens | Posted 06.15.2009 | Green
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.
Steve Parker | Posted 06.11.2009 | Business
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...
Raymond J. Learsy | Posted 06.08.2009 | Business
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.
Raymond J. Learsy | Posted 04.30.2009 | Business
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.
AP | TAREK EL-TABLAWY | Posted 12.05.2009 | Business