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Oil Speculators to be Curbed?

July 8, 2009
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The New York Times‘ Ed Andrews had an interesting story yesterday which appeared on the paper’s splash page and then quickly disappeared. The story said that U.S. financial regulators—in particular the Commodity Futures Trading Commission—is considering limiting oil trading volume by “purely financial investors” and that it “already has adopted tougher information requirements aimed...
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NYT spotlights the derivatives lobby

June 1, 2009
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The New York Times posted a long and important story by Gretchen Morgenson and Don Van Natta yesterday discussing the derivative industry’s sneaky lobbying campaign to prevent effective regulation of their profitable scam. It notes that the flaws in the Obama Administration’s proposal to regulate derivatives appear to track nicely with the industry’s desires....
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Worth a read

February 25, 2009
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The March issue of Harper’s serves as a reminder of what a great magazine can be. Gideon Lewis-Kraus’ “The Last Book Party” recalls the tight-lipped feel of an 1960s Esquire bit by Gay Talese or Truman Capote. Washington Editor Ken Silverstein’s “Invisible Hands” conveys an intimacy with the secret world of oil deal brokers...
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Crude Oil vs. Gas at the Pump

February 12, 2009
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Here’s something I’ve been pondering: Crude oil prices are almost comically low, yet gas prices have not been falling. Sure, they’re like half what they were last summer. But it wasn’t long ago that $2 gas was not good news. And anyway, back a few months ago, when regular unleaded was $1.48, wasn’t crude,...
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