News bytes: Diesel prices, Driving sans pants, Willie’s Place to be Petro

Commodities speculation back in the spotlight  The commodities futures positions limits problem is back in the TV news via a series on liberal populist host Ed Schultz' "Ed Show" this week. The first spot in the series distilled the history of the elimination of position limits that I've written about some over the years, most recently in a discussion of the Griftopia book as oil/diesel prices continued their long rise, which began late last summer in ...

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Revisiting the oil bubble, as diesel continues up, up, up

In the July 2008 issue of Truckers News, I reported on huge and speculative, long-only investment positions in commodities markets then contributing to the dramatic rise in crude oil and other commodities prices. Oil topped off at an historic high of near $150 a barrel that month, and if you were around trucking then I don't need to tell you what that did to diesel prices. Well, it seems that investor speculation in commodities indices, driving ...

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