Tag: investment banks

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

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