futures markets
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 »
