Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Oil Prices

Speculators and High Oil Prices Explained

Super Contrails as the 767 flies through cloud...

Super Contrails as the 767 flies through cloud… (Photo credit: AvgeekJoe)

Last Thursday, speaking in Reno, Nevada, President Obama announced that the Department of Justice was going to examine the role of “traders and speculators in the gasoline and oil markets,” and how they contribute to high gas prices.

The Attorney General [is] putting together a team whose job it is to root out any cases of fraud or manipulation in the oil markets that might affect gas prices, and that includes the role of traders and speculators. We are going to make sure that no one is taking advantage of American consumers for their own short-term gain.

What do speculators do? Here is a cogent explanation by Victor Niederhoffer, a well-known speculator and author of The Education of a Speculator:

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Donald Trump’s Ideology

Donald Trump

Image by Gage Skidmore via Flickr

When potential Presidential candidate Donald Trump was asked by George Stephanopoulos, host of ABC’s “Good Morning America”, what he would do, as President, about soaring gasoline prices, he replied:

Look at what’s going on with your gasoline prices. They’re going to go to $5, $6, $7 and we don’t have anybody in Washington that calls OPEC and says, “Fellas, it’s time. It’s over. You’re not going to do it anymore.”

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Gold at $1,500 an Ounce and Moving Higher

gold cast bar

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The price of one ounce of gold exceeded $1,500 yesterday, and immediately the media was filled with explanations. Jan Harvey, writing for Reuters, said gold was benefiting from “the threat of a downgrade to the United States’ triple-A credit rating this week and fresh worries over euro zone debt [that] fueled fears over the outlook for both the dollar and the euro.”

The possible termination of the Federal Reserve’s program of buying U.S. Treasuries (called Quantitative Easing, or QE2) in June adds uncertainty to the markets, and “There is still going to be a lot of uncertainty over the strength of growth in the United States,” according to Macquarie analyst Hayden Atkins. Simon Weeks, head of precious metals at the Bank of Nova Scotia, added:

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Donald Trump the Populist and Pragmatist

Donald Trump & Melania enter the Oscar De LA R...

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The February 22nd Newsweek poll followed by the Wall Street Journal/NBC poll showing billionaire Donald Trump eclipsing his nearest Republican rivals and even challenging incumbent President Obama has caused some commentators to look past his rhetoric to see where “The Donald” really stands on major issues. Jonathan Hoenig, writing for SmartMoney.com, says that “Trump’s primary appeal is undoubtedly his business experience.

Given the nation’s festering inflation, exploding deficit and still moribund economy, there’s obvious interest in leaders who promote fiscal conservatism, capitalism and growth. The problem is: Donald Trump isn’t one of them.”

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The Real Cost of the Wars

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When the book The $3 Trillion War debuted in 2008, it was roundly criticized by such notables as John Lott, Richard Zerbe and Edgar Browning, who held that estimates of the cost of the war in Iraq were overstated. But in a conference call earlier this week, authors Joseph Stiglitz (Nobel Prize winner) and Linda Bilmes (Harvard University professor), said they underestimated those costs by at least one third.

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.