Rolling Stone

Roadside Attractions

An outlaw is riding into cowboy country, there's a new dame on the Dalton, tornadoes take down some rigs, truckers say not to human freight and other industry news items are featured.

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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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