"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
If speculation was mostly responsible for the rise in oil prices, then massive intervention by a central bank shorting oil should be enough to drive prices down. But this hasn’t happened. So, either they don’t want to intervene (doubtful) or…
Matthew Simmons is founder and CEO of Simmons and Co, an investment bank to the energy industry. He says the Tata Nano at $2400 is the future of cars, that the US needs to get off its ravenous appetite for…
Climate and Capitalism says “Nationalize big oil, enemy of people and planet” but that won’t necessarily solve the problem. The biggest oil entities on the planet already are nationalized. Companies like Exxon-Mobil, are smallish in comparison. Ranked on the basis…
Meanwhile, the other senator from Connecticut, Loony Bird Lieberman wants to ban institutional investors from commodity speculation, a proposal which demonstrates his almost total ignorance of how markets work. While speculation is certainly part of it, increasing demand and flat-to-declining…
A cover story by The Economist about high oil prices would, assuming you believe in contrary indicators, indicate at least a short-term top in prices. That’s what The Big Picture thinks, saying “Painful though it is, this oil shock will…