Tag Archives: Gas & Oil

Americans Pay at the Pump While Speculators Profit and Play

As featured on The Huffington Post: Incredibly, since the later part of June, the price of oil has spiked by $12 a barrel to close at $107/bbl yesterday, a jump of close to 15 percent over three weeks. The impact on the rise of gasoline prices is already being felt and will become more accentuated…
Read More

Also tagged , , , , , , , , , | Tagged , , , , , , , , , , | Leave a comment

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…
Read More

Also tagged , , , , , , , , , , , , , , , | Tagged , , , , , , , , , , , , , , , , | Leave a comment

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….
Read More

Also tagged , , , , , , , , , , , , | Tagged , , , , , , , , , , , , , | Leave a comment

WSJ Gets It Right — Highlights Italy Probe of Soccer Clubs, Ignores FTC Probe of Oil Price Fixing

As featured on The Huffington Post: The¬†Wall Street Journal provided us with a sterling example of our mainstream media’s willful ignorance and paucity of coverage on one of the core economic issues of our time — the perversion and distortion of oil prices and its cost in billions to consumers in the U.S. and throughout…
Read More

Also tagged , , , , , , , | Tagged , , , , , , , , | Leave a comment

Our Economy Sorely Needs a Boost. The Strategic Petroleum Reserve, Anyone?

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…
Read More

Also tagged , , , , , , , , | Tagged , , , , , , , , , | Leave a comment