COMMON PEOPLES SOURCE for News » Oil Speculators

Here We Go With Unjustified Oil Prices Again

OldMan1 — Fri, 09 Apr 2010 23:19:17 +0000

The free market oil traders will not control themselves. Who will? [...]

Credit Squeeze Drops Oil Prices

OldMan1 — Wed, 20 Jan 2010 15:48:55 +0000

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 [...]

The Wooing Of Crude Oil Prices

OldMan1 — Fri, 30 Oct 2009 13:09:43 +0000

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. [...]

Edward Lazear – ‘Speculators Didn’t Cause High Oil Prices’ – Video

OldMan1 — Thu, 20 Aug 2009 18:10:27 +0000

Lazear’s credibility has to be called into question when he starts defending the commodities traders. [...]

Oil Prices, The Economy And Health Care Reform

OldMan1 — Thu, 13 Aug 2009 19:48:19 +0000

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.

Oil Prices — In November 2007 I wrote this post pointing [...]

Do You Know Who Andrew J. Hall Is?

OldMan1 — Fri, 31 Jul 2009 02:30:54 +0000

Ahhhh, the pleasure's enjoyed from free taxpayer money! A $100 million will buy a lot. [...]

Oil Company Profits versus Bernie Madoff Profits

OldMan1 — Thu, 30 Jul 2009 15:37:17 +0000

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. [...]

There’s Talk About Oil Speculators Again; Oil Prices Drop

OldMan1 — Tue, 28 Jul 2009 19:39:06 +0000

July 28, 2009

Today Bob Pisani of CNBC called them the conspiracy theorist (see first video below). “Them” is those who know oil traders drive the price of oil, not supply & demand — and say so. Sharon Epperson said energy traders on the floor were nervous. At 6:15 this morning oil was down [...]

Oil Speculators Exposed — Again

OldMan1 — Tue, 14 Jul 2009 03:15:48 +0000

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. [...]

Random Thoughts on Other Notable Headlines of the Day — Issue XXXI

OldMan1 — Wed, 01 Jul 2009 17:48:27 +0000

So why did the price of crude go up significantly on Monday? For the same reason it always go up in the face of contradicting facts --- greed --- by the same folks that brought us the latest financial crisis. [...]