The Inquisitive Mind

Earlier this week I had written an article reviewing the proposal to increase the tax Big Oil companies pay on their profits, if they do not invest in alternative and cleaner energy resources. This article dwells further into that issue, especially with regards to the role of Big Oil companies and their ability to balance [...]

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The spike in the price of crude in May is having the anticipated effect of arousing the Congress in this election year. Earlier this week, Congress passed a bill with veto-proof margins to suspend intakes into the Strategic Petroleum Reserves till crude oil prices go under $75/barrel and stay there for ninety days.
Enron Loophole: Position [...]

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Crude Oil rallied to a new intra-day high of $126.98 today, before pulling back to close the session close to $126/barrel. The trigger for the rally was a International Energy Agency report that the stockpiles of distillates in Europe were down 6.7% in March over the same time year ago. Last week’s EIA’s report had [...]

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Oil surged above $126 today. Speculators are buying options on oil reaching even $150 in the next two weeks. The speculative fervor was fanned by a Goldman Sachs report that oil might spike to $150 or even $200 in the next six to 24 months. Oil had reached the $120 level and then fallen back [...]

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Oil prices reached an all time high, reaching an intra-day high of $123.79 today. The weekly IEA report showed that crude oil and gasoline inventories had gone up significantly more than predicted. The crude oil inventory was up 5.65 million barrels, or 1.8 percent, to 325.6 million barrel, about four times more than what analysts [...]

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The air-waves are full of talk about recession, inflation and stagflation. Longer term interest rates are increasing while the Fed continues to cut the Fed Funds Rate, to bring short term rates down. A number of observers are questioning whether the Fed’s decision to focus on growth rather than inflation is the right one. Conventional [...]

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It is great to be living in the YouTube world. A few grainy videos completely discredited the GOP’s theory about Benazir’s murder.
A mouse-pad detective also identified something which I have not come across before: the second assasin, the man in white, might still be alive! He was running away when the shots were being fired; [...]

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New video evidence seems to suggest that GOP’s version about Benazir’s killing is completely bogus. The video clearly shows the shots being fired, Benazir’s head and scarf moving, and then the blast after 1 or 2 seconds.
I am waiting for the GOP to come up with a grand unified theory to reconcile the new video [...]

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Benazir Bhutto’s assasination has exposed the abyss Pakistan is. The lack of security, the botched up investigations, the conflicting claims on the cause of death, the comedy continues.
The GOP was quick to blame the Taleban. However, the Taleban has explicitly denied any hand in the attack.
The handgun recovered from the scene is an a modern [...]

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