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Letters
Tuesday, June 3, 2008 12:00 AM

The London-Dubai loophole

Why do foreign energy-trading exchanges get to set up in the U.S. without having to play by U.S. rules?

The letters thread is now closed.

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Tuesday, June 3, 2008 05:10 PM

Dead link

The link to Greenberger's testimony is dead. Not wanting to sound paranoid I searched the Senate's web page. I think this link to a .pdf is the same:

http://democrats.senate.gov/dpc/hearings/hearing31/greenberger.pdf

Am I right?

Tuesday, June 3, 2008 05:24 PM

You're just terrible Andrew

Not really.

Thanks, You're diplomatic and scholarly, and very sneaky.

You and I shared opposing views across the Bay for a while, but now that I have returned east and settled south of Hiawassee one of our views has flipped.

Dubai, et al, has a strong presence in Ocala, in addition to Atlanta, with the lime rich soil providing cellulose resources to the Kingdom's finest equines.

Tuesday, June 3, 2008 08:12 PM

Vanishing testimony

Hi Andrew,

The text of the testimony that you linked to vanished somewhere. Is the big brother hiding the truth or Mr.Leonard typing it wrong?

Tuesday, June 3, 2008 09:21 PM

But they can't run the port of Newark!

Dubai can run our oil futures because ding-domg simple-minded Bush/McCain voters make it a point of pride not to understand such convoluted, sophisticated, pointy-headed things. But by golly, we will not let them Ay-rabs take over our ports. Ports is sumthin we-all can rap ahr dim liddle wits aroun!

Wednesday, June 4, 2008 12:47 AM

new link

http://commerce.senate.gov/public/_files/IMGJune3Testimony0.pdf

Wednesday, June 4, 2008 07:11 AM

Senate hiding the Greenberger testimony?

I tried to access Michael Greenberger's testimony but the link says the information is no longer available. Did someone bury it?

Chris Hoare, Canada.

Wednesday, June 4, 2008 07:33 AM

If oil prices could be manipulated gasoline would be twenty-five cents a gallon

We are the financial wizards, we have the capital resources, and we have sufficent overlap between private financial institutions and government intervention to make this story of conspiracy by Dubai, or nameless speculators, seem a bit tired. If there was a free and open U.S. stock market the DJIA would under it's 2003 lows right now.

If oil price manipulation were possible, why wouldn't they drive prices lower (and I think they will), in an election year. The primary tool in manupulating oil prices is the SPR, and with emerging economies all building storage, we can be certain that this struggle over price manipulation will become more intense. Bush wants to increase the size of the US SPR.

The latest inventories are about to be released, and let's guess that since last night the Democrats settled their campaign, that today the oil inventories will show a build, and prices will fall.

Wednesday, June 4, 2008 08:14 AM

sorry about the bad link

It worked when I first posted the story. The Senate is very bad at keeping consistent links up.

It's fixed. And as one reader has already noted, Greenberger's testimony can be found here:

http://commerce.senate.gov/public/_files/IMGJune3Testimony0.pdf

Wednesday, June 4, 2008 08:42 AM

Typo in Greenberger Testimony Link

Hi Andrew -

There's a typo in the link to Mr. Greenberger's testimony.

It s/b 'http://commerce.senate.gov/public/_files/IMGJune3Testimony.pdf'

-G

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