Ruminations on the Distortion of Oil Prices and Crony Capitalism: Selected Writings

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iUniverse, Jul 8, 2013 - Political Science - 374 pages
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At great cost and risk to the American and world economies, consumers are ripped off billions of dollars every day by oil interests and their malevolent influence on market pricing mechanisms. It’s essential Americans and oil consumers throughout the world understand where the money they pay for oil’s downstream products goes—including the money paid at the pump, the money paid to heat their homes, and the money paid for the array of other petroleum-based products. In Ruminations on the Distortion of Oil Prices and Crony Capitalism, author Raymond J. Learsy not only discusses the distortion of oil pricing, but also focuses on effects of the crony capitalism that has enriched a select few and left Main Street in the lurch as a result of government mismanagement, moneyed influence, and craven oversight. This collection of previously published writings shows how speculators ratchet up the prices of basic material goods essential to daily lives. Learsy describes how ceding the determination of those prices not to the laws of supply and demand but predominantly to gambling dens on the trading floors of commodity exchanges as well as the price fixing collusion of producer nations (OPEC) is crippling to the world’s economy.

Focusing as well on Wall Street’s corrupting influence on the price of oil, gasoline, and other commodities, Ruminations on the Distortion of Oil Prices and Crony Capitalism provides an overview of the basic and important theme: the United States’ enslavement to oil and the moneyed interests inextricably tied to it.

 

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Contents

The New York Timess Natural Gas Mania
138
Abacus and Other Soured Deals as Now Seen by the New York Times
141
The Appointment of Our Next Secretary of Energy
144
Hamas Aligned With Israel
149
A Woman or Jamie Dimon
151
Syria Iran and the Specter of Sarin Gas
155
The Hyped Distortion of ExchangeTraded Oil Prices and the Price You Pay for Gasoline
157
Yoko Ono Matt Damon and OPEC versus American Energy Independence
160

The Chicago Mafia and the Price You Are Paying for Gasoline
25
Speculation
29
Obama Fulminates Over Chinas Export Restrictions on Rare Earths While Silent on OPECs Collusion
31
Obamas AlloftheAbove OilEnergy Policy Misguidedly Leaves Much off the Table
34
Saudi Hypocrisy Our Gullibility
38
Shell Supports Irans Murderous Mullahs Should We Be Supporting Shell?
41
The New York Times Sheds a Tear for Wall Street Paydays
44
Secretary of Energy Chu and the Price You Are Paying for Gasoline
47
President Obama Speaks and the Oil Speculators React
50
T Boone Pickens Dances the Saudi Oil Polka
54
Blatant Insider Commodity Trading Given Pass That Would Put Stock Traders in Handcuffs
56
JPMorgans 2 Billion Loss and the Price You Are Paying for Gas at the Pump
58
The Wall Street Journals Convoluted Whitewash of Jamie Dimon
60
Does JPMorgans Derivatives Fiasco Portend the Collapse of Crude Oil and Gasoline Prices?
63
Sheila Bair as Vice President Governor Romney Are You Listening?
66
Commodity Exchanges Prime the Pump for Higher OilGasoline Prices
69
33Barrel Oil Now and ForeverWith Leadership
71
OPEC Meets This Week Holding the World Hostage to Its Budget Needs
74
The Jamie Dimon Puppet Show
76
Has the Department of Energy Gone Completely off the Rails?
78
Alan Greenspan Tells It Like It Isnt
82
Harvards Amazing Study Questions Todays High Oil Prices
85
Oil Price Skyrockets 936 Percent in Fridays Trading Supply and Demand Eh??
88
Aspen Ideas Natural Gas Armenia Unheralded
91
Jamie Dimons Malign Influence on the Culture of American Banking
94
Banks in Collusion with the Fed Shamelessly Spike Up Price of OilGasoline
97
Megabanks FedFinanced Backdoor Evasion of PropTrading Restrictions
101
Agriculture a Harbinger of Americas Future
104
Frances 75 Percent Millionaires Tax and Americas Insidiously Crafted TwoTiered Law Enforcement
107
Americas Increased Reliance on Saudi Oil Manifests the Bankruptcy of Obamas Energy Policies
111
Investing Throughout the World with OilGas Wealth and Vision
117
A Presidential Issue and a Test of Political Integrity
120
Four Years after the Financial Implosion Regulators Finally Begin to Ask Questions
125
Egypts President Morsi Is Wrong Its Not American Taxpayer Money That Has Purchased Arab Hatred
128
The Charade of the Iranian Oil Embargo
130
Big Bird in Romneys Sights and the National Endowment for the Arts Is Next
133
Obsequiousness to PowerThe IMFs to OPEC
136
OPECs Massive 1 Trillion Haul in 2012 While Sowing Jihad
163
Will Chuck Hagel Be the Oil Producers Plant in Our Government?
167
Secretary of Energy Chu Resigns Leaving Oil Markets in Turmoil
169
Putins Russia Now Worlds Largest Gold Bullion BuyerWhy?
173
The Keystone XL Pipeline Terrorism and Our National Security
177
The Price of Gasoline and the Patently Absurd Application of Our Sovereign Immunity Law
179
President of the Middle Class
184
DéjàVu All Over Again
186
JPMorgan Boards Abject Failure of Oversight
189
Egypts Looming Famine and Americas Grain Bounty
192
European Unions Oil Probe is Years Overdue and Targets the Wrong Benchmark
196
Energy Exports Are Good But
199
Russian Arms Syria and the Price of Oil
201
Our Economy Sorely Needs a Boost The Strategic Petroleum Reserve Anyone?
204
FTC to Probe Oil Price Fixing Saying So Doesnt Make It So
206
WSJ Gets It Right Highlights Italy Probe of Soccer Clubs Ignores FTC Probe of Oil Price Fixing
209
Is Saudi Arabias Trojan Horse Spiking Gasoline Prices Americans Are Paying at the Pump?
211
Speculation Manipulation Or a Deeply Broken System
215
Americans Pay at the Pump While Speculators Profit and Play
220
Your Price of Gasoline Is Going Up How Sweet It Is
222
You Will Be Paying Higher Gasoline Prices It Is Essential You Begin to Understand Why
226
JP Morgan Accused of Rigging Energy Markets A Feather Duster Anyone?
229
After Costing Americans Billions Federal Reserve Reexamines Banks Commodity Speculation
232
JPMorgan Exits Physical Commodity Trading
237
The Price of Oil Is Rigged
241
The Cost of Nearly Everything Is Rigged Enriching the Bank Fixers
245
Banker Lies and Misrepresentation The Present and Lessons From the Past
249
Egypts Darkness and Weapons Into Plowshares
252
JPMorgan Chases Culture as Economic Parasite
255
Blatant Distortion and Manipulation of Oil Prices Laid Bare
258
Frances Cri de Guerre
264
Syria as Russias Oil Price Tool
266
The Smoking Gun of Higher Oil Prices
269
Conclusion
273
Notes
275
Index
327
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