Crude Oil
Posted at 8:09am on Jun. 23, 2008 The Audacity of Lies: Obama Takes on the Crude-oil Speculators
The Mouth Is Quicker Than the eye
By blackhedd
When you’re Barack Obama, you can pursue an Orwellian rhetorical style because you have several crucial factors in your favor: You’re young. You’re good-looking. You have a pleasant deep voice. And you can blunt any criticism, no matter how cogent, just by saying “You’re only beating up on me because I’m black.”
Now that Obama has thrown campaign-finance reform under the bus (it doesn’t suit his newly-affluent circumstances), he has to deal with the price of gasoline. He’s come out with a rather esoteric set of regulatory proposals to deal with the issue, which has remarkably become perhaps the most important one of the summer.
I’ll take you through a short explanation of what our Hero thinks he wants to do, but as you’ll see, his bottom line is rather different from what you might think it is.
Keep reading…
Posted in CFTC | Crude Oil | Economy | futures markets | Obama | speculation — Comments (42)/ Email this page » / Read More »
Posted at 12:42pm on Jun. 12, 2008 Earth to McCain: Crude Oil Speculation Department
There’s more to this than you can investigate
By blackhedd
Senator McCain is quoted as having said in a television interview that speculators have contributed to the recent high prices for crude oil.
McCain acknowledges that he can’t judge how big the effect of speculation is. Very few people actually know the answer to the question, and they’re not talking. McCain also believes there should be a thorough investigation.
Ok, fine, let’s convene a blue-ribbon panel and buy them some expensive lunches and air travel so they can produce a report three years from now that no one will read and contains no action items anyway.
Until then, let me fill you in a bit.
Keep reading…
Posted in CFTC | Crude Oil | Economy | futures markets | McCain | speculation — Comments (18)/ Email this page » / Read More »
Posted at 9:49am on Jan. 18, 2008 What The Financial Markets Are Telling Us About the Economy
Should we Stimulate? "We're All Keynesians Again."
By blackhedd
The question on all lips in this week's edition of the political fights is: should the Federal government apply a Keynesian stimulus to the US economy, in order to forestall a recession?
You've read no end of answers this week here on RedState and other places. I'm even guilty of stirring the pot myself. I happen not to believe that the kinds of packages being discussed ("fast-acting, targeted at the hardest-hit") will necessarily do anything to improve conditions in the near term, and certainly not in the long term.
But what are the financial markets telling us about the outlook this gloomy Friday morning here in New York? They're telling us they're scared.
Read on...
Posted in Crude Oil | Economy | Markets | Stimulus — Comments (77)/ Email this page » / Read More »
