The Truth Behind ...
Follow
Find tag "obama"
786 views | +0 today
Your new post is loading...
Your new post is loading...
Scooped by Tom Luongo
Scoop.it!

Obama’s Quest For Re-Election Points to SPR Release | stockpricetoday.com

Obama’s Quest For Re-Election Points to SPR Release | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

With Brent Crude (AMEX:BNO) having risen back to $114 per barrel and West Texas Intermediate Crude (AMEX:USO) back over $96 per barrel, the Obama administration is looking to put fear into the oil futures markets with another threat of a release from the Strategic Petroleum Reserve to temporarily dampen prices. The problem, of course, is that oil prices are rising due to a number of factors, all of which Mr. Obama had a great deal of either direct control over or his actions created unintended consequences (for him, of course). Off the top of my head they are

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

CME to Raise Oil Margins and Re-Elect Obama | stockpricetoday.com

CME to Raise Oil Margins and Re-Elect Obama | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
Hat tip to Zerohedge who noted that the CME (NYSE:CME) Group is raising margins on oil futures contracts 3.7% now that Brent Crude is solidly back above $110...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Drought in U.S. Has Futures and Obama’s Dander Up | stockpricetoday.com

Drought in U.S. Has Futures and Obama’s Dander Up | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

Corn, Wheat and Soybean futures are all hanging around near all-time highs. Corn has been the single best investment of the past 5 years, followed very closely by Gold (AMEX:GLD). But, somehow, because farmers are losing crops due to the drought and those that haven’t are securing record prices, and presumably solid profits as a result, American taxpayers need, in Obama-world, to transfer even more of their wealth to these people because of the vagaries of Mother Nature.

more...
No comment yet.