by Leah McGrath Goodman | May 1, 2011 | Uncategorized
The price of oil is set not in Vienna at the headquarters of OPEC, but at the New York Mercantile Exchange. Llewellyn King, PBS Sunday, May 1, 2011 WASHINGTON — The fate of the Obama presidency hangs not on a birth certificate or the red ink on the federal...
by Leah McGrath Goodman | Apr 12, 2011 | Uncategorized
Surprised by Gas Price of $4 a Gallon? Try $8.35 in Germany By SUSANNA KIM April 12, 2011 While American drivers are spooked by $4-per-gallon gasoline prices in the U.S., they may be shell-shocked on other continents like Europe. In London, gas was $8.17 per gallon in...
by Leah McGrath Goodman | Apr 11, 2011 | Uncategorized
Another year of high oil prices, another endless conversation about the role of speculators. Call up anyone on Wall Street or in Washington to find out what’s really going on. Chances are, the answers you get will go a little something like an Abbott and Costello...
by Leah McGrath Goodman | Apr 9, 2011 | Uncategorized
By Tim O’Shei HOUSTON BUSINESS JOURNAL | Friday, Apr 8th 2011 Who controls the global oil prices? Powerful banks? Massive hedge funds? Big Oil? OPEC? There’s never been a straight answer to that question – until now. Leah McGrath Goodman, a former...
by Leah McGrath Goodman | Apr 7, 2011 | Uncategorized
Originally published in The Financial Times on April 6th, 2011 Tensions in the Middle East and north Africa, we are told, lie behind the recent increase in global fuel prices, which Wednesday hit a 2 ½-year high. Yet while Brent crude this week stayed above $120 a...
by Leah McGrath Goodman | Mar 17, 2011 | Uncategorized
Originally published on huffingtonpost.com on Mar. 14, 2011 In the mid-1990s, the U.S. Marine Corps sent more than a dozen generals, colonels and other high-ranking officers to the trading floor of the New York Mercantile Exchange, the world’s reigning oil...
