Tag Archives: Federal Trade Commission

Blatant Distortion and Manipulation of Oil Prices Laid Bare

By RayLearsy | Published August 26, 2013

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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Also tagged Business News, CNBC, Commodity Exchanges, Commodity Prices, Department Of Justice, Energy Department, Federal Energy Regulatory Commission, Gas & Oil, Pdvsa, Saudi Aramco, Strategic Petroleum Reserve | Tagged Business News, CNBC, Commodity Exchanges, Commodity Prices, Department Of Justice, Energy Department, Federal Energy Regulatory Commission, Federal Trade Commission, Gas & Oil, Pdvsa, Saudi Aramco, Strategic Petroleum Reserve | Leave a comment

The Cost of Nearly Everything Is Rigged, Enriching the Bank Fixers

By RayLearsy | Published August 12, 2013

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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Also tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown | Tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown | Leave a comment

Your Price of Gasoline Is Going Up! How Sweet It Is!

By RayLearsy | Published July 14, 2013

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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Also tagged American Economy, Benchmark West Texas Intermediate, Brent Crude, Business News, CFTC, Commodity Exchange Act, Commodity Exchanges, Federal Trade Commision, Gas & Oil, Lng, Natural Gas, Russia, Saudi Arabia, The New York Times, Usda, Wall Street Journal | Tagged American Economy, Benchmark West Texas Intermediate, Brent Crude, Business News, CFTC, Commodity Exchange Act, Commodity Exchanges, Federal Trade Commision, Federal Trade Commission, Gas & Oil, Lng, Natural Gas, Russia, Saudi Arabia, The New York Times, Usda, Wall Street Journal | Leave a comment

The Price of Oil: Speculation, Manipulation Or a Deeply Broken System

By RayLearsy | Published July 8, 2013

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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Also tagged Business News, CFTC, Citgo, Commodity Exchange Act, Eygpt, Gas & Oil, Motiva-Oil-Refinery, Oil Speculation, Oil-And-Price-Fraud-Working-Group, Pdvsa, Rising Oil Prices, Saudi Arabia, Saudi Aramco, Sovereign Immunity, Suez Canal, U.S. Oil Production | Tagged Business News, CFTC, Citgo, Commodity Exchange Act, Eygpt, Federal Trade Commission, Gas & Oil, Motiva-Oil-Refinery, Oil Speculation, Oil-And-Price-Fraud-Working-Group, Pdvsa, Rising Oil Prices, Saudi Arabia, Saudi Aramco, Sovereign Immunity, Suez Canal, U.S. Oil Production | Leave a comment

Is Saudi Arabia’s Trojan Horse Spiking Gasoline Prices Americans Are Paying at the Pump?

By RayLearsy | Published July 4, 2013

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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Also tagged Business News, CME Group, Commodities Prices, Gas & Oil, Motiva-Crude-Oil-Refinery, New York Mercantile Exchange, Oil Shale, Port Arthur Texas, Royal Dutch Shell, Saudi Arabia, Saudi Aramco, Shale Gas, West Texas Intermediate | Tagged Business News, CME Group, Commodities Prices, Federal Trade Commission, Gas & Oil, Motiva-Crude-Oil-Refinery, New York Mercantile Exchange, Oil Shale, Port Arthur Texas, Royal Dutch Shell, Saudi Arabia, Saudi Aramco, Shale Gas, West Texas Intermediate | Leave a comment