Tag Archives: Gas & Oil

The Smoking Gun of Higher Oil Prices

By RayLearsy | Published September 16, 2013

As featured on The Huffington Post: There, in plain sight for all to read, the highly influential New York Times, in an article about the manipulative speculation in ethanol markets and the obscure but phenomenally profitable ethanol credits (having skyrocketed more than 20 times in the last six months) and in turn its impact on the price for gasoline…
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Also tagged Business News, Commodity Futures Trading Commission, Congress, Ethanol, Financial Crisis, Jpmorgan, Morgan Stanley, The Fed, The New York Times | Tagged Business News, Commodity Futures Trading Commission, Congress, Ethanol, Financial Crisis, Gas & Oil, Jpmorgan, Morgan Stanley, The Fed, The New York Times | Leave a comment

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, Federal Trade Commission, 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

JPMorgan Chase’s Culture as Economic Parasite

By RayLearsy | Published August 22, 2013

As featured on The Huffington Post: The culture of what we expect from banks is not overly complex. They are institutions meant to safeguard our deposits and are meant to anchor and enhance our economy by lending to viable businesses, finance trade and receivables, finance business expansion, help people purchase their homes, and where their…
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Also tagged Barack Obama, Business News, Commodity Prices, Financial Crisis, JPMorgan Chase, Justice Department, Proprietary Trading, RBS Sempra Commodities, Senator Elizabeth Warren | Tagged Barack Obama, Business News, Commodity Prices, Financial Crisis, Gas & Oil, JPMorgan Chase, Justice Department, Proprietary Trading, RBS Sempra Commodities, Senator Elizabeth Warren | 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, Federal Trade Commission, Financial Crisis, 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

The Price of Oil Is Rigged

By RayLearsy | Published August 5, 2013

As posted on The Huffington Post: The U.S. oil market is well supplied, with U.S. commercial crude oil inventories near all time highs, with production of U.S. oil increasing by some million barrels/day from a year ago, with weekly inventory of gasoline jumping by 800,00bbls equivalent last week alone, while Chinese demand is flat to…
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Also tagged Barack Obama, Brent Crude, Business News, Congress, Department Of Energy, European Commission, Justice Department, Strategic Petroleum Reserve, Unctad, WTI | Tagged Barack Obama, Brent Crude, Business News, Congress, Department Of Energy, European Commission, Gas & Oil, Justice Department, Strategic Petroleum Reserve, Unctad, WTI | Leave a comment

JPMorgan Exits Physical Commodity Trading

By RayLearsy | Published July 29, 2013

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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Also tagged Bart Chilton, Business News, Glencore, Goldmansachs, Huffingtonpost, Jamie Dimon, Jpmorgan, Jpmorgan Commodities, JPMorgan Commodities Trading, JPMorgan Physical Commodity, London Metal Exchange, Motiva-Oil-Refinery, Proprietary Trading, Saudi, Sen. Sherwood Brown, Senate Banking Subcommittee Ferc, The Fed, Vitol, Volcker Rule, WTI | Tagged Bart Chilton, Business News, Gas & Oil, Glencore, Goldmansachs, Huffingtonpost, Jamie Dimon, Jpmorgan, Jpmorgan Commodities, JPMorgan Commodities Trading, JPMorgan Physical Commodity, London Metal Exchange, Motiva-Oil-Refinery, Proprietary Trading, Saudi, Sen. Sherwood Brown, Senate Banking Subcommittee Ferc, The Fed, Vitol, Volcker Rule, WTI | Leave a comment

After Costing Americans Billions, Federal Reserve Reexamines Banks’ Commodity Speculation

By RayLearsy | Published July 24, 2013

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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Also tagged Bart Chilton, Business News, Chicago Mercantile Exchange Group, Commodity Futures Trading Commission, Fdic, Federal Reserve Bank, Goldman Sachs, Jpmorgan, Morgan Stanley, Nytimes, Senator Elizabeth Warren, Speculative-Price Nexus, Too Big To Fail, Wall St. | Tagged Bart Chilton, Business News, Chicago Mercantile Exchange Group, Commodity Futures Trading Commission, Fdic, Federal Reserve Bank, Gas & Oil, Goldman Sachs, Jpmorgan, Morgan Stanley, Nytimes, Senator Elizabeth Warren, Speculative-Price Nexus, Too Big To Fail, Wall St. | Leave a comment

JP Morgan Accused of Rigging Energy Markets. A Feather Duster Anyone?

By RayLearsy | Published July 18, 2013

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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Also tagged Barack Obama, Blythe Masters, Business News, energy, Energy Markets, Enron, Federal Energy Regulatory Commission, Jamie Dimon, JPMorgan Chase, Oil Gas, RBS Sempra, The Fed, Volcker Rule | Tagged Barack Obama, Blythe Masters, Business News, energy, Energy Markets, Enron, Federal Energy Regulatory Commission, Gas & Oil, Jamie Dimon, JPMorgan Chase, Oil Gas, RBS Sempra, The Fed, Volcker Rule | Leave a comment

You Will Be Paying Higher Gasoline Prices. It Is Essential You Begin to Understand Why!

By RayLearsy | Published July 16, 2013

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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Also tagged Business News, CFTC, Chicago Mercantile Exchange, Exxon Mobil CEO Rex Tillerson, Financial Crisis, Gulf Oil, Joe Petrowski, NewYork Mercantile Exchange, WTI | Tagged Business News, CFTC, Chicago Mercantile Exchange, Exxon Mobil CEO Rex Tillerson, Financial Crisis, Gas & Oil, Gulf Oil, Joe Petrowski, NewYork Mercantile Exchange, WTI | 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, Federal Trade Commission, 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