As featured on The Huffington Post: JP Morgan is a bank holding company. Under current law that means it not only functions as a bank but also as a casino. Using easy and practically cost free money to which it has access at the Federal Reserve under their guise as a bank, but then using [...]
JPMorgan’s $2 Billion Loss and the Price You Are Paying for Gas at the Pump
Posted in Huffington Post
Tagged Bank Holding Companies, Business News, Financial Crisis, Gas & Oil, JPMorgan Chase, Main Street, The Fed
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Blatant Insider Commodity Trading Given Pass That Would Put Stock Traders in Handcuffs
As featured on The Huffington Post: Quite incredible – as reported in The New York Times last week which quotes Reuters — that Chesapeake Energy’s chief executive Aubrey K. McClendon, while acting as Chesapeake’s Chairman and CEO had run a “hedge fund that traded commodities, including natural gas futures, for at least four years while he led Chesapeake’s [...]
President Obama Speaks and the Oil Speculators React
As featured on The Huffington Post: Last week President Obama gave the nation a briefingfrom the White House on the perils of speculation and the potential for abuse in oil futures trading contributing to the distortion of oil prices and in turn the high price for gasoline we are paying at the pump. Though short on [...]
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Energy Secretary Chu and the Price You Are Paying for Gasoline
As featured on The Huffington Post: What a day! Last Wednesday, those of us who could shell out the price of 15 barrels of crude oil were treated to a plethora of oil industry canned (barreled?) wisdom on oil and energy, its present and future, by a battery of veterans and experts in the field, [...]
The New York Times Sheds a Tear for Wall Street Paydays
As featured on The Huffington Post: Andrew Ross Sorkin, The New York Times‘ and CNBC’s stealth apologist for Wall Street, Goldman Sachs et al slinks again –this time in a featured babble on the growing difficulties being encounteredby the Wall Street folk to strike it big time. Mr. Sorkin presents us with a laundry list of why [...]
Shell Supports Iran’s Murderous Mullahs; Should We Be Supporting Shell?
As featured on The Huffington Post: The callous greed in the oil patch seems to know no limits. Here we have a company, Royal Dutch Shell, bursting with earnings, at the apogee of its yearly returns, going after the last dollar or Euro to make things fatter still. This to the cold dismissal of the [...]
The Price of Oil: Saudi Hypocrisy, Our Gullibility
As featured on The Huffington Post: One is compelled to pull out that old chestnut, “There he goes again.” The face of Saudi oil, and de facto senior voice of the OPEC cartel, Saudi Oil Minister Ali Naimi entertained us to one of his seminal dissertations, expounding on Saudi Arabia’s concerns for the well being of [...]
Obama’s “All-Of-The Above” Oil/Energy Policy Misguidedly Leaves Much Off The Table
As featured on The Huffington Post: On March 22 in Cushing, Okla. — a municipality core to the nation’s oil and gas industry, as it represents the cited location for domestic crude oil deliveries and is central to the determination of the ‘WTI’ (West Texas Intermediate) crude oil price quoted on the commodity exchanges — [...]
Posted in Huffington Post
Tagged "All-Of-The-Above" Energy Policy, Alberta, Brent Crude, Business News, Commodity Futures Trading Commission, Cushing Oklahoma, energy, Energy Secretary Steven Chu, Iran, Keystone Pipeline, Natural Gas, oil, politics, President Obama, Rep. Alan Nunnlee, Rex Tillerson Chairman ExxonMobil, Russia, St.Louis Federal Reserve, West Texas Intermediate
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BIOGRAPHY
Raymond J. Learsy, a graduate of the Wharton School, made his life in the fast-paced, risk-filled world of commodities trading, beginning in 1959. In 1963, he started his own firm and over twenty years expanded from the U.S. into Canada, the United Kingdom, Luxembourg, Brazil, and Pakistan, trading in an array of bulk raw materials and commodities, shipping to customers worldwide. In the 1980s, he shifted gears as a private investor, from 1982 to 1988, served as a Reagan appointee to the National Endowment for the Arts...
