speculation

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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Oil gamble on Wall Street? Speculation back in the headlines

President Obama is hammering on oil speculators again, while Republican opponents such as House Speaker John Boehner and presumptive presidential nominee Mitt Romney are calling the talk about speculation hooey, falling back on the same old "drill, baby, drill"-type rhetoric we've heard so much of in recent past. Problem with the latter is, well, we are drilling. Domestic oil production is up. Problem with the former is the very White House task forces on the ...

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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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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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