Oil Scapegoat Update: CFTC Finally Finds Some Evil Speculators!

The Netherlands is known more for its bucolic landscapes, dotted with windmills and tulip beds, than for its connection to energy markets. But that's where the Commodities Futures Trading ... the CFTC launched its probe into irregularities in energy markets. FT: The Commodity Futures Trading [more...]

Date: 2008-07-24 18:13:00

Blog posts (29) | Videos (9)
 

Obama Hates Oil Speculators, Hearts Ethanol

Bloomberg reports that Democratic presidential candidate Barack Obama is proposing new rules to increase government interven... err... oversight in energy markets. He wants to "require the U.S. Commodity Futures Trading Commission to regulate trading in energy futures contracts and direct the commission to investigate ways [more...]

Date: 2008-06-23 16:04:51

MORE BUSH? TAKE McCAIN-- A CHANGE FROM BUSH'S FAILED AGENDA? BARACK'S THE ONLY CHOICE

Yes, my son, Dick here will keep you on the straight and narrow when it comes to that boring economic crap A few days ago I had the misfortune to ... -- energy speculation. Etheridge's proposal allow the Commodity Futures Trading Commission to hire 100 employees and grant the CFTC more authority over the trading of U.S. energy commodities on overseas [more...]

Date: 2008-06-24 12:45:00

Introducing ... Treasury Secretary Phil Gramm?

David Corn has the goods on Phil Gramm's role in facilitating Wall Street's woes in Mother Jones ... , this was a Gramm family affair. In 1992, Wendy Gramm, then chairwoman of the Commodity Futures Trading ... Commodity Futures Modernization Act, which not only sweepingly exempted all energy trading carried [more...]

Date: 2008-05-29 21:52:03

MCX gets nod to begin stock exchange operations

After launching carbon trading and currency futures, the Multi Commodity Exchange (MCX) ... , has spot and futures trading in 60 commodities with a focus on energy basket and metals. It launched ... Nations mandate. This can be sold either immediately or through a futures market, just like any other [more...]

Date: 2008-10-31 06:17:49

McCain Aide Created 'Enron Loophole'

Editor's Note: On Wednesday evening, Keith Olbermann, the host of MSNBC's "Countdown," reported the findings of a "Countdown investigation" ... its proposed regulation of energy futures trading, a market that was famously abused when Enron ... into the Commodities Futures Modernization Act that exempted from regulation energy trading on electronic [more...]

Date: 2008-06-19 14:00:00

Gustav Goes, Not With a Bang, But a Whimper

As it relates to the energy markets, Gustav wasn’t much more than a light breeze ... . 26, according to the U.S. Commodity Futures Trading Commission. The large speculators ... was off $4.49 a barrel to $110.97 a barrel in electronic trading, and other energy commodities were [more...]

Date: 2008-09-02 13:27:46

Who let the oil market be manipulated?

For anyone who believes that speculation by energy traders explains at least a portion of the run-up in oil prices, the announcement that the Commodity Futures Trading Commission is investigating oil market ... some commodity trading exchanges to operate without oversight while others must report what's going [more...]

Date: 2008-05-30 15:51:47

Obama’s Plan To Address Energy Trading

This is one way to bring some sanity back to the price of oil, ... some energy traders from regulations that govern other exchange-traded commodities. Democrats call this “ ... years. Speculators also had purchased enough corn futures to fuel the entire U.S. ethanol production [more...]

Date: 2008-06-22 18:56:50

In the loophole

By Kate Sheppard On Sunday, Barack Obama promised to end unregulated oil speculation and close the "Enron loophole," ... that was included in the Commodities Futures Modernization Act in 2000 that exempted energy trading on electronic platforms from regulation. Democrats say that the measure was added to the bill by former Sen. Phil [more...]

Date: 2008-06-23 17:58:38

Obama goes after McCain, oil speculation

by John McCormick Sen. Barack Obama's campaign went on the offensive again today on energy related matters, charging that a co-chairman for Sen ... said the provision in law exempts some energy traders from regulation and thus prevents the Commodity Futures Trading Commission from fully overseeing the oil futures market and investigating cases [more...]

Date: 2008-06-22 18:55:46

foreign currency scam

UPDATE:  On May 22, 2008, the Congress passed H.R. 6124, the Food, Conservation, and Energy Act of 2008 (also known as “the Farm Bill”) ... a sharp rise in foreign currency (forex) trading scams. The Commodity Futures Modernization Act of 2000 ... trading authority and operate pools with respect to retail off-exchange foreign currency transactions [more...]

Date: 2009-01-09 11:15:07

Oil Speculators. WP: Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses. But when the Commodity Futures Trading Commission ... of fuel. Even more surprising to the commodities markets was the massive size of Vitol's portfolio [more...]

Date: 2008-08-21 13:45:50

Fed?s Stern Optimistic on Treasury Plan to Buy Assets

Federal Reserve Bank of Minneapolis President Gary Stern said Thursday he is “cautiously optimistic” about the recently passed Treasury plan to buy ... -related investments from the market in a bid to get the financial system trading openly again. Stern ... of inflation, absent a resurgence in energy and other commodity prices.” He added that inflation [more...]

Date: 2008-10-09 10:52:00

Energy Vs. Financials Trade — Gone for Good?

For months investors reaped the rewards of long positions in energy-related stocks while simultaneously going short financial names ... any time soon, while they don’t consider the global demand destruction in commodities to be as severe [more...]

Date: 2008-08-08 15:38:32

Waiting for Gustav

Investors in energy markets are nervously watching the path of Gustav, ... , commodity trading advisor at MF Global. “Now, markets are nervous, so it’s a reason to buy ... at Alaron Trading. “With demand already being poor [more...]

Date: 2008-08-27 17:30:06

Crosscurrents

After today's pullback, the market has relieved much of the oversold conditions and left many individual stock charts sitting on technical support. Despite today's weakness, commodity and energy names remain in intermediate-term uptrends ... the lows, in a tight ascending trading range.- OIH is providing a good entry here for a starter position [more...]

Date: 2009-01-07 22:29:00

Vultures

Nothing to see here, just move along: Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses. But when the Commodity Futures Trading Commission examined Vitol’s books last month, it found that the firm was in fact [more...]

Date: 2008-08-21 14:42:10

Global mismanagement

While European Union member states, individually and collectively, ... trading scheme and higher energy costs, top-loaded by diverse climate change levies – threatening ... of 22 commodity analysts around the world carried out over the past month. It shows the 41-million-ton [more...]

Date: 2008-07-23 16:34:43

The Energy-Stock Chasm

In the wake of the shuttering of Ospraie Management’s largest fund Tuesday, ... positions on commodities futures and long ones on resource equities — a bet that didn’t work out, because those stocks continued to decline. “The options pricing implies that these stocks are not done [more...]

Date: 2008-09-03 19:01:57

Commodities jump alongside oil prices

By MADLEN READ NEW YORK (AP) — Metals and grains rose alongside energy prices in light trading Friday, after a nine-day plunge in oil encouraged investors to buy back into the struggling commodities market. But so far, there is little evidence that crude oil or other battered commodities [more...]

Date: 2008-12-27 14:09:19

Oil. It’s Still Not Cheap.

You call this cheap? Even after its summer swoon, oil is still expensive by every medium- or long-term measure, ... or rallies. Tom Bentz, a commodity broker at BNP Paribas in New York, has been involved in the oil ... posing a threat to the broader economy. The trading of both energy and consumer stocks seems [more...]

Date: 2008-08-13 16:04:00

CFTC Report on High Oil Prices - "Speculation My A$$"

With a pending Senate vote on the "Stop Excessive Energy Speculation Act", it seems that we (not the TOD 'we', but the collective society 'we') ... . In this report, the Commodity Futures Trading Commission (CFTC), threw cold water on the recent ... , activity on the crude oil futures market – as measured by the number of contracts outstanding, trading [more...]

Date: 2008-07-23 14:47:59

Caprock Analytics Stock Ratings

Stock-Net presents custom stock ratings, powered by Caprock Analytics ... on energy trading activities focused on buying and selling futures contracts and other derivative instruments based on the commodities it produces. The Company has four principal subsidiaries [more...]

Date: 2009-01-05 13:03:08

Tough Swing Trading Market and Some Wednesday Resources

* No Trend, No Friend - Since 2006, the correlation between the current day's price change in the S&P 500 Index (SPY) ... has not been a friend for swing traders of late. * Impressive Rally, Less Impressive Indicator - The market rose ... and Energy, the two commodity-related groups. Consumer Staples and Health Care, two sectors usually [more...]

Date: 2008-08-06 11:14:55

Raymond J. Learsy: More About Speculation and Manipulation In Oil Trading

"Sacre Bleu!" (liberal translation: "Holy Cow!") The Wall Street Journal informs us that " ... Commodity-Market regulators are investigating whether energy market players are injecting false ... assets traders own and control. This all in keeping with the CFTC's previously announced nationwide [more...]

Date: 2008-09-05 20:24:15

Four at Four: Crude Tensions

Gaza The deflationary trade that has reduced oil to a fraction of where it stood earlier in the year has been, for the time being, ... , it suggests that crude oil and other energy commodities are unlikely to bounce off their bottom dramatically [more...]

Date: 2008-12-29 12:09:00

Tidbits from the World of Carbon Emissions Trading

| Sourced From Alpha Journal | To be sure, the near-term prospects for carbon emissions trading are bleak ... emissions, is a sharp decline in the price of various fossil energy commodities ... [more...]

Date: 2009-01-09 06:14:56

Oil prices sink further below USD 40

Oil prices fell further below USD 40 in Asian trade on Tuesday in a market plagued by weak energy demand, dealers said. ... sweet crude for delivery in February, shed 77 cents to USD 39.14 a barrel in morning trade after sliding ... in London on Monday. “The market is in freefall,” said Mark Pervan, senior commodities analyst with ANZ [more...]

Date: 2008-12-23 09:02:47

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