In sum, it’s swelteringly, unnerving bad right now in a way that most of us can’t remember. And that’s the present moment. The question of what lies ahead is the territory occupied by TomDispatch regular Michael Klare, author most recently of The Race for What’s Left: The Global Scramble for the World’s Last Resources. From the time he published his book Resource Wars back in 2001, he’s been ahead of the curve on such questions and he suggests that we’re going to have an uncomfortably hot time in all sorts of unexpected ways on this increasingly hot planet of ours.
Wednesday, August 08, 2012
the hunger wars in our future
In sum, it’s swelteringly, unnerving bad right now in a way that most of us can’t remember. And that’s the present moment. The question of what lies ahead is the territory occupied by TomDispatch regular Michael Klare, author most recently of The Race for What’s Left: The Global Scramble for the World’s Last Resources. From the time he published his book Resource Wars back in 2001, he’s been ahead of the curve on such questions and he suggests that we’re going to have an uncomfortably hot time in all sorts of unexpected ways on this increasingly hot planet of ours.
By CNu at August 08, 2012 0 comments
Labels: food supply , resource war
Tuesday, August 07, 2012
that old martial spirit...,
This is the last month of the Great Pretending over on that lovely continent of exquisitely preserved towns and the corniche winding down to the crashing green sea, and the lunch table under the grape arbor... I mean, compared to, say, the universal slum vista of tilt-up, strip-mall America along the deafening highways, with the wig shops, tattoo dens, pawn shacks, dollar stores, parking lot swap-meets, and supersized citizens waddling through the greasy 100-degree heat of a new climate regime. When things blow, as you may be sure they will, at least the Europeans will sink amid all that loveliness while the American experience will be more like getting flushed down a toilet.
The more you reflect on the Draghi remark, the more you wonder whether absolutely anyone out there is paying attention to the fact that there is no money backing up these pledges of continued bailouts. All the major banks of Europe are functionally insolvent and all of the nations that charter the banks are structurally insolvent, and the economies that depend on the circulation of funds around this Euro organism really cannot escape some sort of cascading collapse. The big unknown element of the story is how angry and batshit crazy the citizens of all these countries will get when summer ends. I don't believe they will fight each other just now, but it is very likely that the lampposts of all these lovely towns and cities will be decorated with swinging corpses of bankers, ministers, and a choice selection of politicians while a fight over the table scraps of a 30-year-long debt banquet occupies the folks in the streets.
By CNu at August 07, 2012 0 comments
Labels: What Now?
greece rounds up thousands of immigrants in weekend sweep
The vast roundup in Athens was jarringly named Xenios Zeus -- after the Greek god known as the patron of hospitality. Police stopped and detained 6,000 immigrants, out of whom 1,600 were arrested for illegally entering Greece and sent to holding centers, according to the Associated Press. Greek media reported that similar sweeps are in the works for other cities.
Leftist political parties slammed the crackdown as an assault on human rights that had fostered fear and racism, while the extreme right Golden Dawn party accused the government of not actually sending anyone back to a home country, merely holding a “badly organized PR stunt,” Athens News reported.
Public Order and Citizens' Protection Minister Nikos Dendias defended the roundups as necessary to keep Greece from unraveling, arguing that the country faced the biggest “invasion” since the influx of the ancient Dorians thousands of years ago. Dendias had earlier claimed that "unbelievably high" numbers of immigrants were involved in crime, according to Greek news reports.
As for naming a roundup after the god of hospitality, Dendias reportedly told Greek media that the name was fitting because immigrants were living in miserable conditions, crammed into decrepit apartments after being conned by smugglers into thinking that they would be able to get jobs.
“Now they will return to their home countries. ... It's the best thing that could happen to them,” Dendias was quoted by the Kathimerini newspaper.
By CNu at August 07, 2012 0 comments
Labels: clampdown , Collapse Casualties
record heat killing midwest fish...,
By CNu at August 07, 2012 0 comments
Labels: weather report
Monday, August 06, 2012
failing even before the greatest depression, yet another killer-ape goes turner diary
First Assistant U.S. Attorney Greg Haanstad in Milwaukee identified the shooter as Wade Michael Page. Page joined the Army in 1992 and was discharged in 1998, according to a defense official who spoke to The Associated Press on condition of anonymity because he was not authorized to release information yet about the suspect.
Officials and witnesses said the gunman walked into the Sikh Temple of Wisconsin in suburban Milwaukee and opened fire as several dozen people prepared for Sunday services. When the shooting ended, seven people lay dead, including Page. Three others were critically wounded in what police called an act of domestic terrorism.
Page was a "frustrated neo-Nazi" who led a racist white supremacist band, the Southern Poverty Law Center said Monday. Page told a white supremacist website in an interview in 2010 that he had been part of the white-power music scene since 2000 when he left his native Colorado and started the band, End Apathy, in 2005, the nonprofit civil rights organization said.
He told the website his "inspiration was based on frustration that we have the potential to accomplish so much more as individuals and a society in whole," according to the SPLC. He did not mention violence in the website interview.
End Apathy's biography on the band's MySpace page said it began in 2005 and was based in Nashville, N.C. It said their music "is a sad commentary on our sick society and the problems that prevent true progress."
Joseph Rackley of Nashville, N.C., told the AP on Monday that Page lived with his son for about six months last year in a house on Rackley's three acres of property. Wade was bald and had tattoos all over his arms, Rackley said, but he doesn't remember what they depicted. He said he wasn't aware of any ties Page may have had to white supremacists.
By CNu at August 06, 2012 0 comments
Labels: American Original , Collapse Casualties , killer-ape
too much magic: wishful thinking, technology, and the fate of the nation
Too Much Magic is both a history lesson and a warning. The warning concerns how we as a society will have to deal with a world where cheap, plentiful oil is a thing of the past. The history lesson is all about how we came to live in such an oil-dependent society bent on expanding its suburbs to infinity.
Kunstler is also the author of 2005 book The Long Emergency which dealt with similar topics: the passing of peak oil production, climate change, and the reorganization of society in a lower-energy environment. He argues that advances in technology cannot replace dwindling fossil fuels in our economy, and we are unwilling as a people to prepare or plan for this eventuality.
One of Kunstler’s major beliefs is that the result of a lack of oil will be a necessary restructuring of our society on a more local basis. Geographical areas will have to be responsible for producing their own food and water. Waterways will become important again as a means of transportation, and people will have to adjust their living situations to be close to such waterways. He also advocates a more robust national rail system, as that may be the only way to reliably travel long distances quickly once our oil supply is gone.
Another main argument is that alternative energies such as wind and solar cannot produce enough energy to replace what we burn in oil right now. Also, the equipment needed to harvest these energies requires some form of fossil fuels to be used in the first place. Kunstler is not against trying what we can, but he feels that any of that will be a “transitory phase of history” before we settle into a “low-energy,” more local society. Another effect is that major parts of the country (such as the southwest) may become uninhabitable as we won’t have the electricity to pump water and run air conditioning in these areas.
By CNu at August 06, 2012 16 comments
Labels: Peak Capitalism , What Now?
religious conservatism: an evolutionarily evoked disease-avoidance strategy
By CNu at August 06, 2012 1 comments
Labels: co-evolution , de-evolution
ethnic nepotism: its proponents don't just study it, they practice it
The theory views ethnocentrism and racism as nepotism toward extended kin and an extension of kin selection. In other words, ethnic nepotism points toward a biological basis for the phenomenon of people preferring others of the same ethnicity or race; it explains the tendency of humans to favor members of their own racial group by postulating that all animals evolve toward being more altruistic toward kin in order to propagate more copies of their common genes.
"The myth of common descent", proposed by many social scientists as a prominent ethnic marker, is in his view often not a myth at all.[clarification needed] "Ethnicity is defined by common descent and maintained by endogamy".[2]
To guard one's genetic interests, Frank Salter notes altruism toward one's co-ethnics:
Hamilton's 1975 model of a genetic basis for tribal altruism shows that it is theoretically possible to defend ethnic genetic interests in an adaptive manner, even when the altruism entails self sacrifice. He argued mathematically that an act of altruism directed towards the tribe was adaptive if it protected the aggregate of distant relatives in the tribe. In sexually-reproducing species a population's genetic isolation leads to rising levels of interrelatedness of its members and thus makes greater altruism adaptive. Low levels of immigration between tribes allow growing relatedness of tribal members, which in turn permits selection of altruistic acts directed at tribal members, but only if these acts "actually aid in group fitness in some way...." Closely related individuals are less likely to free ride and more likely to invest in and thus strengthen the group as a whole, improving the fitness of its members.[3]Regarding how this translates into politics and why homogeneous societies are more altruistic, Frank Salter writes:
Relatively homogeneous societies invest more in public goods, indicating a higher level of public altruism. For example, the degree of ethnic homogeneity correlates with the government's share of gross domestic product as well as the average wealth of citizens. Case studies of the United States, Africa and South-East Asia find that multi-ethnic societies are less charitable and less able to cooperate to develop public infrastructure. Moscow beggars receive more gifts from fellow ethnics than from other ethnics. A recent multi-city study of municipal spending on public goods in the United States found that ethnically or racially diverse cities spend a smaller portion of their budgets and less per capita on public services than do the more homogenous cities.
By CNu at August 06, 2012 3 comments
Labels: co-evolution , de-evolution
Saturday, August 04, 2012
trouble in the "happiest place on earth"?
A few blocks away, though, a deep fury has boiled over. There have been days of protests, at times violent, with the police responding in combat gear and placing sharpshooters to guard their headquarters. The mayor says he has never seen such mistrust and anger in two decades in the city.
The latest frustrations began last month when the police killed an unarmed man and then another man a day later. An Anaheim neighborhood, just five miles north of Disneyland, quickly erupted. Protests continued. A community meeting is scheduled for next Wednesday. It is expected to draw about 1,000 residents.
There have always been divides in this city south of Los Angeles, where Disneyland and professional hockey and baseball teams bring in millions of visitors each year. The money generated by the resort area makes up roughly a third of the city’s annual income. But few visitors ever see the poor neighborhoods just beyond Disneyland Drive. As the protests exploded last week, the park’s nightly fireworks continued just a few miles away.
While most of the city’s population of nearly 350,000 lives on the west side of the bowtie-shaped city, in recent decades a wealthy enclave known as Anaheim Hills has flourished to the east. The hills are about 15 miles away from downtown, more like a separate town than a part of this mostly working-class and largely Latino city. There, household income is roughly twice as much as in the flatlands, as the rest of the city is known.
Like most of the City Council, Mayor Tom Tait lives in Anaheim Hills. Last week, he asked federal investigators to look into the Police Department’s practices. This week, trying to grapple with how the city could move on, he called a meeting with executives from Disney, as well as the Los Angeles Angels and the Anaheim Ducks, asking them to help come up with programs to help the most struggling neighborhoods in the city.
In those neighborhoods, the mostly Latino residents have grappled with unemployment, poverty, crime and gangs for years. Now, suddenly, those longstanding problems are being thrust into wider view.
“The problem is in that in some of these neighborhoods, there’s really a lack of hope from people, and they turn to gangs and crime,” said Mr. Tait, who has lived in the city since 1988. “We need people to go into the areas that lack hope and find ways to help.”
Spokesmen for Disney and the sports teams declined to comment about the meeting.
By CNu at August 04, 2012 2 comments
Labels: clampdown , micro-insurgencies
street stops in nyc fall as unease over the tactic increases...,
At the same time, a general feeling of unease about the tactic by officers on the street — who have seen widespread criticism of so-called stop-and-frisks in the news media and by the courts — has also contributed to the drop, some say, with officers simply choosing not to question people they might have stopped before.
The decline suggests that officers are unsure whether the political support remains for street stops, long a focal point of Police Commissioner Raymond W. Kelly’s crime-fighting strategy. In recent months, three court rulings have raised questions about the New York Police Department’s use of the tactic, and Mayor Michael R. Bloomberg and Mr. Kelly have put in place new measures aimed at ensuring lawful stops.
“Cops are nervous, and supervisors are nervous” about the stop-and-frisk practice, said a police supervisor, explaining the drop. The supervisor, like other officers interviewed, spoke on the condition that he not be named for fear of angering his bosses.
Another said that officers who were not pursuing as many stops were thinking to themselves, “I don’t want to be on the receiving end of any kind of allegation.”
The Police Department conducted 203,500 stops in January, February and March this year, according to the department’s chief spokesman, Paul J. Browne — a record number. But in the second quarter — April, May and June — the police stopped 133,934 people, he said. During this period, the issue received considerable attention in the news media. The second-quarter stops were about 25 percent lower compared with the number of street stops in the second quarter of 2011, police officials said.
Generally, about half of the street stops resulted in the police’s frisking the person, police officials said.
By CNu at August 04, 2012 0 comments
Friday, August 03, 2012
spores...,
Since it is not easy for you to recognize other varieties of intelligence around you, your most advanced theories of politics and society have advanced only as far as the notion of collectivism. But beyond the cohesion of the members of a species into a single social organism there lie richer and even more baroque evolutionary possibilities. Symbiosis is one of these. Symbiosis is a relation of mutual dependence and positive benefits for both of the species involved. Symbiotic relationships between myself and civilized forms of higher animals have been established many times and in many places throughout the long ages of my development. These relationships have been mutually useful; within my memory is the knowledge of hyperlight drive ships and how to build them. I will trade this knowledge for a free ticket to new worlds around suns younger and more stable than your own. To secure an eternal existence down the long river of cosmic time I again and again offer this agreement to higher beings and thereby have spread throughout the galaxy over the long millennia. A mycelial network has no organs to move the world, no hands; but higher animals with manipulative abilities can become partners with the star knowledge within me and if they act in good faith, return both themselves and their humble mushroom teacher to the million worlds all citizens of our starswarm are heir to." From Psilocybin - Magic Mushroom Grower's Guide
By CNu at August 03, 2012 1 comments
Labels: truth
the wisdom of not being too rational...,
Recent studies, particularly ones conducted by Nicola Clayton's experimental psychology group at the University of Cambridge in the United Kingdom have shown that members of the crow family are no birdbrains when it comes to cognitive abilities. They can make and use tools, plan for the future, and possibly even figure out what other birds are thinking, although that last claim is currently being debated. A few years ago, two members of Clayton's group showed that rooks can learn to drop stones into a water-filled tube to get at a worm floating on the surface. And last year, a team led by Clayton's graduate student Lucy Cheke reported similar experiments with Eurasian jays: Using three different experimental setups, Cheke and her colleagues found that the jays could solve the puzzle as long as the basic mechanism responsible for raising the water level was clear to the birds.
To explore how learning in children might differ from rooks, jays, and other members of the highly intelligent crow family, Cheke teamed up with a fellow Clayton lab member, psychologist Elsa Loissel, to try the same three experiments on local schoolchildren aged 4 to 10 years. Eighty children were recruited for the experiments, which took place at their school with the permission of their parents.
By CNu at August 03, 2012 0 comments
Labels: tactical evolution , What IT DO Shawty...
about the special relationship...,
In the study published in PLoS Genetics researchers at Uppsala University, Swedish University of Agricultural Sciences, North Carolina State University and National Chung-Hsing University have investigated the genetic basis of fibromelanosis, a breed characteristic of the Chinese Silkie chicken. This trait involves a massive expansion of pigment cells that not only makes the skin and comb black but also causes black internal organs. Chickens similar in appearance to the Silkie were described by Marco Polo when he visited China in the 13th century and Silkie chickens have a long history in Chinese cuisine and traditional Chinese medicine.
archeologynewsnetwork | The domestication of chickens has given rise to rapid and extensive changes in genome function. A research team at Linköping University in Sweden has established that the changes are heritable, although they do not affect the DNA structure.
Humans kept Red Junglefowl as livestock about 8000 years ago. Evolutionarily speaking, the sudden emergence of an enormous variety of domestic fowl of different colours, shapes and sizes has occurred in record time. The traditional Darwinian explanation is that over thousands of years, people have bred properties that have arisen through random, spontaneous mutations in the chickens' genes.
Linköping zoologists, with Daniel Nätt and Per Jensen at the forefront, demonstrate in their study that so-called epigenetic factors play a greater role than previously thought. The study was published in the high-ranking journal BMC Genomics.
archeologynewsnetwork | Dr Alice Storey, an archaeologist at the University of New England, is tracing the global migration routes of domestic chickens back through thousands of years towards their origins in the jungles of South-east Asia.
In doing so, Dr Storey is pioneering the use of DNA from ancient chicken bones recovered from well-dated archaeological sites around the world. This is enabling her to add a fourth dimension – that of time – to an emerging “map” of chicken dispersal. One of the ultimate goals of such research is identifying the original Asian centres of jungle fowl domestication.
“All of our domestic chickens are descended from a few hens that I like to think of as the ‘great, great grandmothers’ of the chicken world,” Dr Storey said.
Biological, linguistic, historical and archaeological data have all contributed to an understanding that chickens accompanied human movements from their Asian homeland west through the Middle East to Europe and Africa, and east through the islands of South-east Asia and the Pacific.
Dr Storey’s analysis of ancient DNA is disentangling complications in this broad picture caused by interactions later than the original dispersal. “Only ancient DNA provides a unit of analysis with the chronological control necessary to reconstruct and disentangle the signals of initial dispersals from those of later interactions,” she said. Hers are the first published reports on the use of ancient DNA in this context.
A paper by Dr Storey and her colleagues, titled “Global dispersal of chickens in prehistory using ancient mitochondrial DNA signatures”, is published today in the online scientific journal PLoS ONE.
By CNu at August 03, 2012 0 comments
Labels: Livestock Management
Wednesday, August 01, 2012
wikileaks and the war on drugs
Now, as he leaves office after yet another disputed election, Calderón will go down in history as one of Mexico’s most discredited and unpopular presidents—in part because of the revelations in the WikiLeaks cables that exposed his “unprecedented cooperation” with Washington. Indeed, as Mexicans know from the documents published in my newspaper, La Jornada, Calderón’s failed agenda and leadership—particularly his top priority of winning the war against the drug cartels and protecting Mexican citizens from the gruesome, intolerable narco-generated violence that has taken the lives of thousands—is a failure he shares with the United States.
The cables struck Mexico like a windstorm, blowing back the curtains of diplomacy and exposing what had not been intended for public view. Through the 3,000 leaked records—some secret, a few ultrasecret, but the majority simply indiscreet, harsh and rude—readers of Mexican newspapers learned the hidden details of our political, military and economic relations with the United States. For the first time, Mexicans could read the US Embassy’s critical judgments of the proud Mexican generals who never open themselves up to public scrutiny, as well as Washington’s candid assessment of its erstwhile ally, President Calderón, who is depicted as weak and condescending, lacking in legitimacy from the start of his tenure.
Beyond the undiplomatic opinions, however, the WikiLeaks cables revealed the astonishing degree to which the United States exercised its power and influence at the highest levels of the Mexican government. In some cases it appears that an essential part of the decision-making process on matters of internal security is actually designed not in Mexico City but in Washington. For Mexicans, the cables have reinforced once again that famous adage “Pobre Mexico: tan lejos de Dios, y tan cerca de los Estados Unidos.” Poor Mexico: so far from God and so close to the United States.
By CNu at August 01, 2012 0 comments
Labels: wikileaks wednesday
the elite perversion of scholarship
There is probably no more inhospitable place to be an intellectual, or a person of color or a member of the LGBT community, than on the campuses of the Big Ten Conference colleges, although the poison of this bizarre American obsession has infected innumerable schools. These environments are distinctly corporate. To get ahead one must get along. The student is implicitly told his or her self-worth and fulfillment are found in crowds, in mass emotions, rather than individual transcendence. Those who do not pay deference to the celebration of force, wealth and power become freaks. It is a war on knowledge in the name of knowledge.
“Knowledge,” as C. Wright Mills wrote in “The Power Elite,” “is no longer widely felt as an ideal; it is seen as an instrument. In a society of power and wealth, knowledge is valued as an instrument of power and wealth, and also, of course, as an ornament in conversation.”
There are few university presidents or faculty members willing to fight back. Most presidents are overcompensated fundraisers licking the boots of every millionaire who arrives on campus. They are like court eunuchs. They cater to the demands of the hedge fund managers and financial speculators on their trustee boards, half of whom should be in jail, and most of whom revel in this collective self-worship. And they do not cross the football coach, who not only earns more than they do but has much more power on the campus.
By CNu at August 01, 2012 0 comments
Labels: agenda , elite , establishment
Tuesday, July 31, 2012
charles murray deeply worried about his people and their ways...,
Capitalism has lifted the world out of poverty because it gives people a chance to get rich by creating value and reaping the rewards. Who better to be president of the greatest of all capitalist nations than a man who got rich by being a brilliant capitalist?
Yet it hasn't worked out that way for Mr. Romney. "Capitalist" has become an accusation. The creative destruction that is at the heart of a growing economy is now seen as evil. Americans increasingly appear to accept the mind-set that kept the world in poverty for millennia: If you've gotten rich, it is because you made someone else poorer.
What happened to turn the mood of the country so far from our historic celebration of economic success?
Two important changes in objective conditions have contributed to this change in mood. One is the rise of collusive capitalism. Part of that phenomenon involves crony capitalism, whereby the people on top take care of each other at shareholder expense (search on "golden parachutes").
Another change in objective conditions has been the emergence of great fortunes made quickly in the financial markets. It has always been easy for Americans to applaud people who get rich by creating products and services that people want to buy. That is why Thomas Edison and Henry Ford were American heroes a century ago, and Steve Jobs was one when he died last year.
When great wealth is generated instead by making smart buy and sell decisions in the markets, it smacks of inside knowledge, arcane financial instruments, opportunities that aren't accessible to ordinary people, and hocus-pocus. The good that these rich people have done in the process of getting rich is obscure. The benefits of more efficient allocation of capital are huge, but they are really, really hard to explain simply and persuasively. It looks to a large proportion of the public as if we've got some fabulously wealthy people who haven't done anything to deserve their wealth.
The objective changes in capitalism as it is practiced plausibly account for much of the hostility toward capitalism.
By CNu at July 31, 2012 0 comments
Labels: big don special
Monday, July 30, 2012
cia manages the drug trade...,
Allegations about official complicity in the drug business are nothing new when they come from activists, professors, campaigners or even former officials. However, an official spokesman for the authorities in one of Mexico's most violent states - one which directly borders Texas - going on the record with such accusations is unique.
"It's like pest control companies, they only control," Guillermo Terrazas Villanueva, the Chihuahua spokesman, told Al Jazeera last month at his office in Juarez. "If you finish off the pests, you are out of a job. If they finish the drug business, they finish their jobs."
Villanueva is not a high ranking official and his views do not represent Mexico's foreign policy establishment. Other more senior officials in Chihuahua State, including the mayor of Juarez, dismissed the claims as "baloney".
"I think the CIA and DEA [US Drug Enforcement Agency] are on the same side as us in fighting drug gangs," Hector Murguia, the mayor of Juarez, told Al Jazeera during an interview inside his SUV. "We have excellent collaboration with the US."
Under the Merida Initiative, the US Congress has approved more than $1.4bn in drug war aid for Mexico, providing attack helicopters, weapons and training for police and judges.
More than 55,000 people have died in drug related violence in Mexico since December 2006. Privately, residents and officials across Mexico's political spectrum often blame the lethal cocktail of US drug consumption and the flow of high-powered weapons smuggled south of the border for causing much of the carnage. Fist tap Arnach.
By CNu at July 30, 2012 0 comments
Labels: civil war , deceiver , establishment
forget LIBORgate - oil market manipulation is much worse...,
Just a month ago Crude Oil WTI was $78 a barrel and today it is $93. Do you think the fundamentals changed one bit to merit this price swing? Nope! Supply levels are all at record highs around the world. Is it Iran? Please!! It is all about the money flows, nobody takes delivery anymore. Assets have become one big correlated risk trade. Risk On, Risk Off. If the Dow is up a hundred, you can bet crude is up at least a dollar! It has nothing to do with fundamentals, inventory levels, supply disruptions, etc. It is all about fund flows.
So how this affects the average Joe is that if Wall Street is having a good day, i.e., fund flows are going in, then Average Joe is having a bad day and paying more for Gas. Yes, it is that simple. A good day for Wall Street is a bad day for consumers at the pump these days as Capital flows into one big Asset Trade: Risk On!
It should be separate in that equities respond to stock valuations, and energy responds to the market conditions of supply and demand. But that isn`t the case in the investing world today, it is all about Capital Flows in and out of Assets. The economy could be doing really poorly, Oil inventories can be extremely high, the economic data very bleak but Oil will go up and consumers will pay more at the pump just because some Fund Manager pours capital into a futures contract.The Fund Managers goals are in direct opposition to the consumers who actually uses the product. Funds flows and not supply and demand ultimately carry the day in the energy markets, and that needs to change!
The key is equities, crude oil (both Brent and WTI) are essentially equities for Fund Managers to trade in and out of and they make a fortune in these instruments. When I refer to Fund Managers this includes Hedge Funds, Oil Majors, Pension Funds, Investment Banks etc. This is part of the reason that the price of oil can be so varied in value within a 3 month span. WTI can literally be $110 one month and $80 the next because of pure funds going in or coming out of the futures contracts.
The volatility really is where they make their money, they have deep pockets and they make a fortune moving crude oil around like a puppet on a string. If you think in terms of each dollar price move in the commodity being equal to $1,000 and the size that these players employ on a monthly and quarterly basis you start to see the value of buying thousands and thousands of futures contracts and capitalizing on these huge moves in the commodity.
By CNu at July 30, 2012 0 comments
Labels: Livestock Management
Fuck Robert Kagan And Would He Please Now Just Go Quietly Burn In Hell?
politico | The Washington Post on Friday announced it will no longer endorse presidential candidates, breaking decades of tradition in a...
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theatlantic | The Ku Klux Klan, Ronald Reagan, and, for most of its history, the NRA all worked to control guns. The Founding Fathers...
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Video - John Marco Allegro in an interview with Van Kooten & De Bie. TSMATC | Describing the growth of the mushroom ( boletos), P...
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dailybeast | Of all the problems in America today, none is both as obvious and as overlooked as the colossal human catastrophe that is our...