After investing in high-tech stocks and real estate loans for years, legions of speculators have now discovered commodities like oil and gas, wheat and rice. Their huge investments are pushing prices up to unprecedented levels -- with serious consequences for ordinary people's quality of life and the global economy.
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Showing posts with label Gas. Show all posts
Showing posts with label Gas. Show all posts
Saturday, June 14, 2008
How Speculators Are Causing the Cost of Living to Skyrocket
Why Oil Price Is High - Fed Printed Way Too Many Dollars
The two biggest factors in oil’s high price are the weakness in the U.S. dollar’s exchange value and the liquidity that the Federal Reserve is pumping out. In an effort to forestall a serious recession and further crises in derivative instruments, the Federal Reserve is pouring out liquidity that is financing speculation in oil futures contracts.
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CNN: Get Used To High Prices.
The Fed has a mandate to keep inflation in check. But global forces and worries about the U.S. economy will keep prices high for the foreseeable future.
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Monday, April 28, 2008
Experts: We're 10 Years Away from Lowering Gas Prices
Energy experts have dismissed the candidates' plans for lowering gas prices, and say it'll be a decade before we can exert downward pressure on the price of gas.
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Where is your gas money going?
Another day, another high. The average price for gasoline on Long Island is at a record-setting $3.791 a gallon for regular, says the AAA. And diesel? Fuhgeddaboutit: It averaged $4.648 a gallon. But where is all that cash going?
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Wednesday, April 23, 2008
The Fortune 500's biggest winners
It's no surprise that an oil company leads the list of 2007's top profit-makers.
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Tuesday, April 22, 2008
Economics 101: The Price of Gas
Gas prices are up and oil executives are once again testifying before Congress. Clearly, many politicians, pundits, and consumers lament the rising cost of gas. Before we join them in their chorus, let us take a step back and ask this question: Are gas prices really all that high?
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Tuesday, April 15, 2008
World food prices hit record levels.
Grain prices are up %120. The UN has decided that it needs $500million (1/200th annual cost of Iraq war) to assist the worlds starving poor. Us donates $10 million. Too bad people can't eat bombs or bullets!
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