2008 Oil Futures Truthers: There may never be a smoking gun but there is definitely GSR all over CFTC Release 5511-08

By: ntrepid (Diary)  |  January 10th at 08:21 PM  | 

More recent headlines with frequent references to meltdowns, bailouts, and change that include numerous phrases referencing many “hundreds of billions of dollars” now occupy our very limited national short term memory to the point that no one really seems to care about the causes of the large, sudden spike in oil / gas prices earlier this year.  In the grand scheme of things, maybe it | Read More »

Clearly. The Heritage Foundation Doesn’t Mind Insulting Sheeple Like Me

By: ntrepid (Diary)  |  November 16th at 10:31 AM  | 

I admit I’m a month behind on this but a friend recently pointed me to this Heritage Foundation Web Memo by Ben Lieberman. Now I’m sure that the author is undoubtedly much smarter than me and I largely agree with the stated “Lessons” in his memo but some of this lacks the substantive analysis required to be taken seriously. The two lines that really bother | Read More »

Revisiting that 120-Day Warning

By: ntrepid (Diary)  |  October 15th at 11:51 PM  | 

Way back in late June, I referenced the following quote from the now indispensable Blackhedd regarding actual oversight measures directed at oil futures (non-)speculators: Several days ago, the current CFTC commissioner announced stricter position limits and reporting requirements for US accounts trading crude oil to take effect in 120 days, even for accounts trading in London. Coincidently, after approximately that same amount of elapsed time, | Read More »