People, personalities, policies, drapes–just a few of the things the American people have come to expect will change from year to year, and from administration to administration, depending on the philosophy, interest and artistic sensibility of the chief executive.
Here’s what’s not supposed to change: the facts of existence, and the substance of the truth. Unfortunately, [...]

FOR IMMEDIATE RELEASE
July 8, 2009
CONTACT:
Laura Henderson, 202.621.2951
Patrick Creighton, 202.621.2947
Supply, Not Speculation, Responsible For Volatile Energy Prices
Latest CFTC Action a Diversion from the Real Cause, Supply and Demand
WASHINGTON – This week, the Commodities Futures Trading Commission (CFTC) unveiled a new plan for government takeover of how energy commodities are traded, valued and sold. In response [...]

The January 11 edition of 60 Minutes featured a segment on oil speculation. Correspondent Steve Kroft interviewed hedge fund manager Michael Masters and others who blamed the run-up in oil prices on hedge funds and other investors. Unfortunately, Kroft failed to interview a single person who explained the benefits of hedging and even speculation on [...]

Natural gas storage fell last week and is 1.8 percent below the five-year average for this time of year. The Energy Department said the natural gas inventories held in underground storage fell by 14 billion cubic feet. These were the expectations of analysts surveyed by Dow Jones Newswires.
(Source: Forbes)