Tag Archives: Federal Trade Commission

Blatant Distortion and Manipulation of Oil Prices Laid Bare

Friday was a red letter day for the oil producers. In the space of three hours, from 9:00 a.m. to noon, the price of West Texas Intermediate (WTI) crude oil as traded on the New York Mercantile Exchange leapt from $104.30/barrel to $106.94/bbl., finally closing the day at $106.42/bbl. A staggering range for a commodity…
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The Cost of Nearly Everything Is Rigged, Enriching the Bank Fixers

As featured on The Huffington Post: That banks are able to manipulate became clear as a bell with the findings of the Libor interest rate fixing scandal (“Everything is Rigged: The Biggest Price Fixing Scandal Ever” Rolling Stone 04.25.13) whereby some sixteen too big to fail banks were accused of colluding to manipulate interest rates…
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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┬árise 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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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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