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 Speculators'
Credit Squeeze Drops Oil Prices
January 20th, 2010 · No Comments · Wall Street
Tags: Oil Prices·Oil Speculators
The Wooing Of Crude Oil Prices
October 30th, 2009 · No Comments · Oil Industry
Oil companies have (temporarily) tasted the best that life has to offer, so they, like Wall Street, are not about to give any of it up, no matter if it does require killing the goose that laid the golden egg.
Tags: Oil Company Profits·Oil Price Manipulation·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.
var addthis_brand = ‘CPS-News’;var addthis_language = ‘en’;var addthis_header_background = ‘#bfbfbf’;var addthis_header_color = ‘#df7401′;var addthis_options [...]
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
Do You Know Who Andrew J. Hall Is?
July 30th, 2009 · No Comments · Wall Street
Ahhhh, the pleasure’s enjoyed from free taxpayer money! A $100 million will buy a lot.
Tags: Andrew J. Hall·Citigroup·Energy Traders·Oil Speculators·Pay Packages & Bonuses·Phibro·Wall Street
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
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
