A fine rant on commodity speculation

From options trader Philip Davis.

Who are the apologists at CNBC really protecting? Bloomberg says it’s the investment banks, who have churned free Federal loans along with an investor frenzy into $596 TRILLION of speculative derivative investments “including those based on debt, currencies, commodities, stocks and interest rates.” THIS IS A 44% INCREASE OVER [...]

Feds investigate possible oil market manipulation

An investigation of oil trading by the U.S. Commodity Futures Trading Commission will likely target evidence that traders intended to manipulate markets rather than just schemed to make money, former officials of the agency said.

Who woke the CFTC up from their nap? Congress apparently, and the unsettling thought to them that another agency, the [...]

Why oil prices keep rising

The problem is two-fold. Supply is not rising as prices increase because there is no excess supply. But more importantly, demand across the world is increasing fast.

In the next 17 years, plans are to move 300 million Chinese from farms to cities that have yet to be built. They will want roads, cars, [...]