The two teams for the upcoming World Series of crude oil have been decided. The first team is made up of speculators and hedge fund advisors with the other team made up of the major and independent oil companies. The final outcome of this game between the Wall Street Titans and the Texas Oil Barons will decide the winner or loser, in this case the gasoline customer. Please read the remainder of this article on the player statistics after some local news about Montana fuel prices. Continue Reading

On October 21, 2009, in his remarks at the OTC Derivatives Regulation, Futures Industry Association Expo in Chicago, the Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler proposed that hedge funds, financial firms or other investment funds not be exempted from clearing requirements and all standardized OTC products should be moved onto regulated exchanges or trade execution facilities. Continue Reading

The lull before the storm for gasoline prices

Dateline: Issaquah, Washington
By: Bob van der Valk
August 28, 2009 9:00 AM PDT

Right now there is a tropical depression named Terry (after my hometown in Montana) but it is slowly becoming a storm and will then turn into a full fledged hurricane. Of course, I am referring to what is happening with gasoline pump prices. The average price of gasoline over the last seven days has not changed precipitously but that is quickly changing on the oil market weather map. The AAA Fuel Gauge report shows the national average price of self-serve regular gas is $2.613 per gallon on Friday, down just over a penny from a week ago. The national average price of diesel fuel is $2.697 a gallon, up just over a penny. Continue Reading

After emigrating to the U.S. from Holland, at the young age of 15, I learned to speak English by watching Saturday morning cartoons and listening to Elvis Presley songs on the radio. Continue Reading