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Tag: oil prices
Business
Diesel prices plunge with double-punch of global oil tensions and coronavirus outbreak
As oil prices continue to drop as a result of the coronavirus outbreak, truck drivers can expect low diesel prices for the coming months. Details on Overdrive.
April 7, 2020
Overdrive Extra
White House aims to protect consumers from oil speculation
President Barack Obama took oil speculators to task last week, asking both his staffs and Congress to take measures to prevent speculators from cheating consumers.
April 23, 2012
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
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