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Category Archives: Economy
Lee Fang on Oil Speculation and the SPR
Summertime 2011, and “investigative journalist” Lee Fang of ThinkProgress has replaced the BP Spill in my blogging life. Fang’s amateurish attempts to find scandal in oil commodities trading have become my new blog fodder. Fang puts forward the half-baked theory … Continue reading
Posted in Economy, Energy
Tagged Commodity Futures, Conspiracy Theories, Contango, Crackpot Theories, Futures Trading, Lee Fang, Oil, Speculation, ThinkProgress
1 Comment
Why Did Obama Open the Strategic Petroleum Reserve?
On Thursday, the Department of Energy announced a release of thirty million barrels of crude oil from the Strategic Petroleum Reserve, the nation’s stockpile supposedly set aside for emergency supply disruptions. Washington, DC – U.S. Energy Secretary Steven Chu announced … Continue reading
Posted in Economy, Energy
Tagged Energy, IEA, International Energy Agency, Market Manipulation, Oil, SPR, Strategic Petroleum Reserve
3 Comments
ThinkProgress and Lee Fang vs the Evil Koch Brothers
While I claim no expertise, I do have a general understanding of how the oil market works, which is more than can be said for ThinkProgress “investigative journalist” Lee Fang. A series of articles (notably here and here) has convinced … Continue reading
Posted in Economy, Energy
Tagged Commodity Futures, Goldman Sachs, Koch Brothers, Lee Fang, Manipulation, NYMEX, Speculation, West Texas Intermediate
4 Comments
Of ATMs, Mousetraps and Watches
“If you build a better mousetrap, the world will beat a path to your door.” Judging from his comments regarding ATMs and unemployment, President Obama blames the better mousetrap for 400,000 out-of-work cats. Cats who are starving for the lack … Continue reading
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