oil markets

Obama, Romney show no substance on fuel prices

Take two of the Obama-Romney 2012 debate season offered no substance on the role of government in fuel prices, despite current efforts to rein in speculation: ultimately, there's a reason for that.

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Diesel price is up: One operator’s response

Driving habits can do a lot for fuel efficiency, as we know, but there are other ways of dealing with the continued high cost of fuel, up another 5 cents nationally last week. Seeing the gross inflation of crude markets that has been part and parcel of the world commodities markets in the past four-five years, owner-operator Jim Schlise, leased to Usher Transport in Louisville, Ky., rather cheekily outfitted each of the two fuel tanks ...

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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 true supply and demand. --journalist Ed Wallace, writing in Bloomberg Businessweek Up, up, up... Excessive speculation is taken as a given ...

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Back to the past: $4 diesel returns

Well it's official, folks. The Energy Information Administration's weekly diesel report this week showed the national average with 3 cents of the $4 mark, reaching the highest point yet in the now near nine-month run-up in price we've seen since last August, by now oh-so eerily reminiscent of the 2007-08 run (an Overdrive headline in April 2008 read, "No April Fool's joke: $4 diesel"). This blow-up is ever more remarkable in what it's been revealing about the glacial ...

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