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Tag: Matt Taibbi
Channel 19
Analyst: Blame Fed’s liquidity flood for high oil/diesel
The good news is that skyrocketing oil prices, like slasher movies, are truly frightening only the first time you watch one. They get less scary with repetition. But being less scary doesn’t change the basic facts. Markets need both hedgers and speculators to function properly. When they lose balance, they no longer function according to […]
May 5, 2011
Channel 19
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 […]
March 9, 2011
Channel 19
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 […]
January 13, 2011
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