Category Archives: Huffington Post

JPMorgan Exits Physical Commodity Trading

As featured on The Huffington Post: Quite dramatically, being the biggest bull in the China shop, JPMorgan Chase made the striking announcement this past week that it would quit trading in physical commodities. This in a week during which a Senate panel held hearings on whether banks such as Goldman Sachs and JPMorgan are manipulating commodity/material…
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After Costing Americans Billions, Federal Reserve Reexamines Banks’ Commodity Speculation

As featured on The Huffington Post: “The Fed regularly monitors the commodity activities of supervised firms and is reviewing the 2003 determination that certain commodity activities are complimentary to financial activities and thus permissible to bank holding companies” comments from Fed spokeswoman and reported by Bloomberg (“Fed Reviews Rule On Big Banks’ Commodity Trading after…
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JP Morgan Accused of Rigging Energy Markets. A Feather Duster Anyone?

As featured on The Huffington Post: There they go again. First there was Enron rigging energy markets. Now the sights are set on JP Morgan Chase, where the Wall Street Journal reported on Wednesday, “JP Morgan, Energy Regulator Near Record Settlement.” Record settlement, really? The number bandied about is $1 billion, or one sixth of the…
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You Will Be Paying Higher Gasoline Prices. It Is Essential You Begin to Understand Why!

As featured on The Huffington Post: In the face of escalating gas prices, the oil patch, their allies and Wall Street are counting on your ignorance permitting them to pick your pockets, spoon-feeding you nonsense while they cash in massively. The only defense we have is a vigilante public calling on our government to level…
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Your Price of Gasoline Is Going Up! How Sweet It Is!

As featured on The Huffington Post: Over the past weeks there has been a dramatic, near inexplicable rise in the price of crude oil with direct impact on what you are paying for gasoline. The price of oil has increased over 10 percent — that is over $10 per barrel. Considering U.S. consumption of near 20…
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Americans Pay at the Pump While Speculators Profit and Play

As featured on The Huffington Post: Incredibly, since the later part of June, the price of oil has spiked by $12 a barrel to close at $107/bbl yesterday, a jump of close to 15 percent over three weeks. The impact on the rise of gasoline prices is already being felt and will become more accentuated…
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The Price of Oil: Speculation, Manipulation Or a Deeply Broken System

As featured on The Huffington Post: Much of this you may have read here before, but it is worth repeating because the dramatic distortion in oil prices over the past weeks and their potential impact on the economy is becoming acute, and nothing is being done about it. Some two weeks ago the Federal Trade…
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Is Saudi Arabia’s Trojan Horse Spiking Gasoline Prices Americans Are Paying at the Pump?

As featured on The Huffington Post: Sorry, this is going to be on the longish side. Consider the following one-year price fluctuations: On June 27, 2012 the price for: Gold – $1561.80/oz one year later $ 1235.50 oz. Silver- $ 26.48/oz one year later $ 18.84 oz Copper-$ 3.32/lb one year later $ 3.05 lb….
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WSJ Gets It Right — Highlights Italy Probe of Soccer Clubs, Ignores FTC Probe of Oil Price Fixing

As featured on The Huffington Post: The Wall Street Journal provided us with a sterling example of our mainstream media’s willful ignorance and paucity of coverage on one of the core economic issues of our time — the perversion and distortion of oil prices and its cost in billions to consumers in the U.S. and throughout…
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Our Economy Sorely Needs a Boost. The Strategic Petroleum Reserve, Anyone?

Unemployment is still over 7 percent, the Fed has signaled the gradual end of its QE3 program, the stock market is retreating and the economy still remains deeply sluggish. Yet the price of oil remains at an exorbitant $95 barrel, totally without justification given the near-record inventories on hand and the booming production in the…
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