FT publishes a story I commented on five weeks ago! The ethanol hoax has crossed the pond. According to the Financial Times (h/t NewsBusters.org) The bubble in the ethanol market can be directly attributed to the US government’s mandate that it be added to the gasoline supply. It is one of the largest corporate welfare [...]
Economic recession. Plentiful stock. Reduced consumption. Can you say ‘soft market’? OPEC has called for an emergency meeting with plans to stop the downward march in crude price to 50% off its high of just 3 months ago. Maybe the OPEC nations should thank the speculators for boosting crude by perhaps an additional 20% when [...]
