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Saturday, May 05, 2012

On bailout stuff (old post from June '09)

Raymond J. Learsy
Scholar and Author of 'Over a Barrel: Breaking Oil’s Grip on Our Future'
Posted: June 9, 2009 06:28 AM
Is JPMorgan a Bank or a Government-Funded Casino?

...Just last week, a leading source of tanker operations info reported that the good people of JPMorgan hired the good ship, or better put, the VLCC Super Tanker 'Front Queen' for nine months, I repeat nine months, to carry 2 million barrels of heating oil for storage duty off Malta....

What is the price of oil right now?

I think maybe I was too hard on Ben Bernanke. I learned things about the man and his job that I did not know on this 60 Minutes interview

FACTBOX: Where has the U.S. bailout money gone?
Reuters
Tue Jun 9, 2009 1:34pm EDT

3 comments:

  1. Anonymous9:34 AM

    we DO NOT need more oil, we need more active refineries, until that fact becomes the basis for the public discussion of gas prices: WE ARE screwed

    ReplyDelete
    Replies
    1. Yes, that is part of the problem. There is also the problem of speculation in the commodities markets, especially the oil markets. No? I can provide links, can you?

      Delete