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Tag: oil speculation
Channel 19
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 […]
May 3, 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
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 […]
April 6, 2011
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