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Louisiana Light • 2 days | 73.02 | -0.64 | -0.87% | ||
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Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | ||
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Opec Basket • 2 days | 73.65 | +0.08 | +0.11% | ||
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Mars US • 321 days | 75.54 | -1.36 | -1.77% | ||
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Gasoline • 10 mins | 2.059 | +0.048 | +2.39% |
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Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | ||
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Girassol • 31 days | 79.56 | -1.80 | -2.21% | ||
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Opec Basket • 2 days | 73.65 | +0.08 | +0.11% |
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Peace Sour • 3 hours | 66.88 | -0.08 | -0.12% | ||
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Light Sour Blend • 3 hours | 66.13 | -0.08 | -0.12% | ||
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Syncrude Sweet Premium • 3 hours | 70.88 | -0.08 | -0.11% | ||
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Central Alberta • 3 hours | 67.88 | -0.08 | -0.12% |
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Eagle Ford • 2 days | 67.39 | -0.28 | -0.41% | ||
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Oklahoma Sweet • 2 days | 67.50 | -0.25 | -0.37% | ||
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Kansas Common • 3 days | 58.02 | +1.10 | +1.93% | ||
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Buena Vista • 3 days | 77.67 | +1.10 | +1.44% |
Bruce Krasting
I worked on Wall Street for twenty five years. I was an FX trader during the early days of the 'snake' and the EMS. Derivatives on currencies were new then. I was part of that. That was with Citi. Later I worked for Drexel and got to understand a bit about balance sheet structure and corporate bonds from Mike Milken. I was involved with a Macro hedge fund later. That worked out all right, but it is not an easy road. There was one tough week and I thought, "Maybe I should do something else for a year or two." That was fifteen years ago. I love the markets. How they weave together. For twenty five years I woke up thinking, "What am I going to do today to make some money in the market". I don't do that any longer. But I miss it.
Latest articles from Bruce
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CBO Set to Assess the Use of Ethanol Blends
I got a laugh reading this one from the CBO (Link).The cost of the review of ethanol is a measly $1m. Why has it taken…
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Why Is the Government Determined to Support the EV Industry?
The Congressional Budget Office (CBO) did a good job of shredding the electric car industry and the government’s role in its evolution with this report…
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Warren Buffet’s Sweet Solar Energy Deal - Funded by U.S. Taxpayers
Yesterday, First Solar (FSLR) announced that it had sold its interests in a big solar project called Topaz. The buyer was MidAmerican Energy Holdings, a…
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Following the Money: A Look at Solyndra’s Lender
If you want to find out what happened with Solyndra you have to follow the money. I did. The half billion dollars of taxpayer dough…
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Brent Versus WTI - Why so Wide
We set another record yesterday. This one has me scratching my head. The Brent WTI spread widened to $27.22. That’s never been seen before. There…
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Chevron Data Proves Oil Companies NOT Speculators are Driving up Oil Prices
Some poor wally over at Chevron accidentally released the company’s crude/distillate trading results for the year. An effort was made by the company to squash…
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What is Obama Trying to Achieve with Thursday’s Shocking Oil Announcement?
I’m surprised by the move by the President and the IEA. What’s this about? Is it about the price of oil? Before the announcement WTI…
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Are Corn Prices Indicating that $140 Brent Crude is on the Way?
Good article on corn this morning by Smart Money Europe (Zero Hedge link). The bottom line is that corn is sitting at a two year…
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USA to Sue OPEC Members over High Oil Prices
High grade crude for gulf delivery hit the highest price since the spring of 2008 this morning. This is the raw material for gasoline, so…
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Crude Oil Price Hits $120
Crude oil from the “light end of the barrel” hit $120 this morning. Forget what Bernanke and the MSM are telling you. They keep showing…
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Floating Crude and Shipping Rates Could Trigger $4 Gas
Is $4 Gas in the Next few Months a Foregone Conclusion For years there has been a large supply of crude floating on big oil…
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Large Oil tanker Seized by Somali Pirates – Military Action Not Far Off
The Somalian pirates seized another big ship the other day. This time it was a large oil tanker. I spoke with a friend who owns…
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Swiss Banks in for a Pounding Over Banking Secrecy – Why you Should Go Long Gold
The blow up in Egypt is going to create ripples all over the globe. It will certainly be disruptive for equities and the dollar. It…
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Baltic Dry Index Set for a Big Fall?
A friend calls from Athens this morning moaning and groaning about the sorry state of the shipping industry. I ask, “What’s new that makes you…
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Can We Blame Bernanke for the Rise in Food and Commodity Prices?
It wouldn’t be fair to say that Bernanke is responsible for all the run-up in global food prices. There are many factors at play. That’s…
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Economic Predictions for 2011
Oh boy is 2011 going to be an exciting year! Some things that I think might happen: -Volatility is going up across the board. If…
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Cap and Trade – A Future Train Wreck
What to do with carbon based emissions? I have no clue. I’m not sure Congress does either. They will be more confused than ever after…
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Bernanke’s Learn as you Go Approach
Jon Hilsenrath at the WSJ has been THE mouthpiece for Bernanke for the past few months. Bernanke has been telling him what is on his…
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Will Oil Break Out Soon
Jon Hilsenrath (WSJ) has yet another article on Fed propaganda to ease the way to QE-2. Today it was Chicago Fed boss Charles Evans doing…
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Irelands Death Grip, the Dollar and Ben Bernanke
Ireland is high on the list of, “Things that Could Go Wrong Big Time”. The numbers are so scary that they are encouraging. Ireland is…
