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$12 a gallon of gasoline: the real scare

Sunday, July 13th, 2008

Written by Michael Vass
**This post can also be found at Crude Oil Futures Blog **
Here we go, the polispeak is in full force. Senator Obama has suddenly realized that Iran affects the price of oil. In fact he has been advised, recently one would assume, of the following:

Now let’s ignore the fact that both the […]

Heating Oil Prices: Demand Driven or Trader Driven?

Tuesday, April 8th, 2008

I’ve been on Wall Street for such a long time that I think I’m pretty good at recognizing bubbles. The rapid rise in oil prices since the Fed began lowering rates in September smells, looks and feels like a bubble. Old Wall Street traders like to say that bottoms in market cycles are created when […]