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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Our Economy Sorely Needs a Boost. The Strategic Petroleum Reserve, Anyone?
Russian Arms, Syria and the Price of Oil
As featured on The Huffington Post: President Bashar al-Assad of Syria, in a broadcast this Thursday past, boasted of the Russian arms deliveries to the Syrian regime that would include deliveries of a highly advanced anti-aircraft weapons system. Whether accurate or not, the Russians are clearly stoking the fires of the Syrian debacle and now…
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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...