January 20, 2010
The Facts
After a run up from the low 70’s to around $84 per barrel over the past month, oil is now hovering around $77. The 18 percent rise was in the face of continued decrease’s in usage and high inventories. While the hyper’s of the stock market have been saying it’s due to [...]
Entries Tagged as 'Oil Prices'
Credit Squeeze Drops Oil Prices
January 20th, 2010 · No Comments · Wall Street
Tags: Oil Prices·Oil Speculators
Edward Lazear – ‘Speculators Didn’t Cause High Oil Prices’ – Video
August 20th, 2009 · No Comments · Wall Street
Lazear’s credibility has to be called into question when he starts defending the commodities traders.
Tags: Edward Paul Lazear·Mark Haines·Oil Prices·Oil Speculators·Wall Street
Oil Prices, The Economy And Health Care Reform
August 13th, 2009 · No Comments · Oil Industry
August 13, 2009
Why three completely different topics in this post? Because they’re all related to CNBC’s biased news reporting. Although CNBC’s biases always come out with glaring undeniability, I thought I’d include these three since they were the main topics this morning.
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Tags: Art Cashin·CNBC·Economy·Erin Burnett·Health Care Industry·Health Care Reform·James Cordier·Joe Kernen·Larry Cudlow·Michelle Caruso-Cabrera·Oil Industry·Oil Prices·Oil Speculators·Tommy Thompson
Oil Company Profits versus Bernie Madoff Profits
July 30th, 2009 · 1 Comment · Wall Street
Comparing the oil industry’s’ earnings drop to the same period last year is like saying Bernie Madoff’s profits fell to zero percent this quarter compared to last year.
Tags: ConocoPhillips·Exxon·Oil Company Profits·Oil Industry·Oil Prices·Oil Speculators·Royal Dutch Shell
Random Thoughts on Other Notable Headlines of the Day — Issue XXXVI
July 18th, 2009 · No Comments · Random Thoughts
Corus Bank will be taken over by the Federal Depositors Insurance Corporation (FDIC), which means the taxpayers get nipped again. We taxpayers will get the privilege to pay off that along with any other losses the company has.
Tags: CIT Group·Corus Bank·Daniel Mudd·Fannie Mae & Freddie Mac·FDIC·Federal Reserve·Fortress Investment Group·Jonathan Weil·Oil Prices·Philip Verleger·Robert J. Glickman
Oil Speculators Exposed — Again
July 13th, 2009 · No Comments · Wall Street
Eichberger did point out that as soon as Congress and the CFTC started looking at speculators and talking about reining them in, the prices started dropping. That coincided with the price of oil dropping over $10 per barrel over the past ten days or so. In other words, when the bank robbers hear of renewed efforts to stop them, they curtail their bank robbing — until no one is looking.
Tags: Becky Quick·CFTC·John Eichberger·Kevin Book·Oil Industry·Oil Price Manipulation·Oil Prices·Oil Speculators·Wall Street
Nouriel Roubini On Oil And Economy (Video)
June 23rd, 2009 · No Comments · Wall Street
Speculators are not interested in economic recovery. They are day-traders (scavengers) who are only interested in making money today.
Tags: CNBC·Economy·Nouriel Roubini·Oil Industry·Oil Price Manipulation·Oil Prices·Oil Speculators·Video Interview·Videos
