Posts tagged Crude Oil

Government Can’t Stamp Out Great Ideas

A long time ago, I was on the CME/PAC. Often, legislators from Washington DC would come to CME and tour the floor. After the tour, we’d get to meet them, take our photos with them, and talk frankly about business …






Where Are Calls to Crucify the Speculators?

WTI Crude Oil Spot Price data by YCharts Remember when crude oil was over $100 a barrel?  It was the speculators fault.  We needed more regulation and all kinds of investigations into oil trading.  The talk was, “High oil prices …






The Price of A Gallon of Gas

Gas prices are up over the last three years. There are economic reasons why, and it’s not demand driven. A lot goes into the price of a gallon of gas. They are talking $4 buck per gallon gas this summer. …






Back Home Breakfast Links

Whew! Drove 20 hours in 2.5 days. Good to be back. Hotty Toddy. Hey, how about that $EURUSD trade? Good thing Obama released oil from the SPR($CL_F). Band aid on an arterial wound. The same supply/demand situation applies before the …






Lean Hogs are Bullish

When does a pig become a bull? When corn prices skyrocket. Corn is driving more than just the corn market. It is driving price in soybeans, wheat, cotton, and cattle. When 40% of the corn crop is going into gas …






Oil Boom, Are Speculators Driving the Price?

As oil approaches $100 per barrel, fingers are being pointed at speculators.   In the last run up in 2007-2008, all the populists in the media and politics blamed rampant speculation on the high price of oil.  West Texas Crude …