I agree with most of the answers. I think it is a number of things. I suspect the Japanese are assuming that the US domestic manufacturers are...
I don't understand how "political tensions" can contribute to an elevated petroleum price for so long. Oil on international markets is settled...
The actual market for petroleum between EU and US is quite free and efficient. The price-at-pump in both countries has significant components...
I think that going short on gold and oil would be timely when there are "trade commodities from home" informercials on TV, like the explosion of...
US corn (maize)-based ethanol is not thermodynamically or economically feasible. ADM's success in that business is entirely due to taxpayer...
Well, wouldn't it be much easier to impose a maximum wage of $5 an hour? Excepting of course Skull and Bones members, friends and relatives of...
The purpose of a centralized currency exchange is not just liquidity. It is regulatory power and a credible threat (and actual pursuit) of...
Except for the "minor" fact that the Fed started increasing interest rates relentlessly at the beginning of 2005? In that sense the...
Sorry for double post. A large fraction of petroleum use is burned as transportation. I found a 2004 publicatoion from the EIA....
huh? gasoline imports are not banned. After Katrina, a fair number of overseas refineries sent their product to the US.
A great, and frightening article: http://www.energybulletin.net/15126.html A quote: I think I remember that prediction, and yes it did...
How does huge speculation work in oil markets to push prices well beyond supply and demand? On the open markets, crude is settled with physical...
Sorry for the double post. What I believe in: 1) Massive biofuel expansion, including genetically modified crops. 2) massively increased...
coal liquefication can work and could produce fuel competitive at (wild ass guess) $6/gallon. But it is catstrophic climate crack. You end...
Of course this is entirely delusionary. Consumers respond to increases in prices in goods they want by substituting ones that they want less....
Assume that stock underlying is positive sum return. Furthermore, the stock's volatility is a negative ("psychic") return in the sense that it...
I also don't understand the logic, though the attitude is understandable. The attitude is, of course, incorrect because it's based on a...
Any reason that pricing a commodity in one nominal fiat currency versus the other makes any difference at all? No technical economic reasons...
For those who think the USD will crash if somebody makes transactions in Euros: please give a reason. Nearly all the conspiracy theory about...
I assume the previous poster was being sarcastic about shutting down the NYMEX. In reality, it is very important---not the short term futures...
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