Tag Archives: Pdvsa
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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Also tagged Business News, CNBC, Commodity Exchanges, Commodity Prices, Department Of Justice, Energy Department, Federal Energy Regulatory Commission, Federal Trade Commission, Gas & Oil, 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
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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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Also 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, 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
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