Tag Archives: Saudi Aramco
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…
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…
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….