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...Just how would you raise prices if you were an oil supplier? Controlling the supply - as in the 1973 OPEC embargo - has become less effective with more sources of oil worldwide. And oil suppliers clearly cannot raise prices by controlling demand in the physical oil market; ultimately, they need to sell their oil, not buy it. However, with the market inefficiencies that we expose here, oil suppliers can regain the upper hand by artificially inflating demand using a different market. To understand this mechanism, we must take a glimpse into the future - the futures market, that...
...futures market has become the public driving force in pricing oil. But the vast majority of oil consumed in the world is purchased through private deals, given the massive undertaking of physically delivering millions of barrels. However, a series of private deals cannot establish a market price. Because pricing in the futures market is transparent, in that trade activity is publicly available, it establishes the widely accepted benchmark for the price of oil. In other words, the futures market serves as the price discovery mechanism for the oil the world consumes...
...Committee on Conventional Prompt Global Strike Capability believes that there are threats (like nuclear terrorism) that the Pentagon's fleets of attack planes and missiles cannot handle and which have to be stopped with the immediacy of the push of a button by a future U.S. President. It's not quite a "death ray" but it's the closest existing technology can get to that fantasy weapon. Still, skeptics roll their eyes and say that the report's authors are like a bunch of junior high school boys who have seen all the James Bond movies and believe that...
...Strickland called for Obama to "speak more clearly and specifically about the kitchen-table, bread-and-butter issues." While Obama has to be careful not to delve too far into Strickland's brand of Stone Age union economics, reconnecting with basic Democratic economic issues is good advice. Obama cannot reclaim the lunch-pail wing of the Democratic Party simply by treating Hillary Clinton like a monarch at the convention. These voters are not hers to deliver; Obama has to earn them back on his own with a convention that reaches out to those hardworking Americans who don't drive...
...they wait for the glue to dry - almost. Nobody moves from his station, afraid to lose sight of his all-important bat, which could fall prey to a devious glue-tamperer. (And besides, who'd want to leave such a happy-smelling place?) The ITTF mandates that the glue cannot contain volatile chemicals, and only allows adhesives approved by the federation. They also collect every athlete's bat 30 minutes prior to a match and run it through a rigorous inspection for weight, sponge thickness and volatile compounds, returning the paddles in Ziploc bags to the referee just before play...