Monthly Archives: November 2009

What would be the economic effect of removing oil from the speculative markets?

By pcgumban | November 25, 2009

Jack L asked: Does oil have to be a traded commodity? Could we remove it from trading and have some other pricing means? How would the US economy be affected? Global economy?Sofia

Posted in Economics | Tagged , | Comments closed

Should Congress investigate the oil industry in relation to its pricing strategies?

By pcgumban | November 22, 2009

Bryan asked: I am aware of the previous investigation which became a sham the moment they allowed Oil Executives to testify without being placed under oath.
I am aware of how supply and demand works and I do agree with the concept being a capitalist.
I do care how much the oil companies make in profit, again [...]

Posted in Law & Ethics | Tagged , | Comments closed

Where to find free historic crude oil, wheat and other commodities end of month downloadable price data?

By pcgumban | November 20, 2009

lucas_ols asked: I need to find free historical price data (starting around 1950 up to 2008) for common comodities: crude oil, wheat, orange juice etc. I don’t care what format they’re in as long as they are downladable. They can be end of month or monthly average. I’ve spent lots of time serching, but all [...]

Posted in Investing | Tagged , | Comments closed

Why are we still so dependent of oil energy?

By pcgumban | November 16, 2009

ray asked: Alternative energy, why is not reaching the consumers fast enough?Bonita

Posted in Current Events | Tagged , | Comments closed

With oil reserves in Alaska, Canada, Mexico and mainland US - why do we import oil for energy?

By pcgumban | November 9, 2009

diblyhoo asked: Since alternative energy sources are growing and will eventually replace oil as the source of energy in the US - why are we politically damaging the world by importing oil now - why not work with western hemisphere countries who are democratic and have enough reserves to last long into the future by [...]

Posted in Politics | Tagged , | Comments closed

Can speculators really raise the price of oil in the LONG term?

By pcgumban | November 4, 2009

crookmatt asked: It seems to me based on my basic economics 101 experience, that if the price of oil is pushed higher than where it would normally be supported by worldwide supply and demand, then the artificially high price would cause demand to decline, supply to rise causing a surplus. Speculators would then need [...]

Posted in Politics | Tagged , | Comments closed