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Vice trade.(Democratic Party)
[ILLUSTRATION OMITTED]
SPAGHETTI ALLA PUTTANESCA is one of my least favorite dishes. It's made with olives, anchovies, and capers: three things that should stay out of any red sauce, if you ask me. But I do love the name. It means "whore's spaghetti" or "spaghetti, whore-style." The name most likely stems from the fact that Neapolitan prostitutes made the dish from leftover scraps because they didn't have much time to go to the market or make dinner between appointments and didn't want to inconvenience their patrons.
I've long wanted to use the phrase "Politica alla puttanesca," but I've never quite found the right context. Until, perhaps, now.
The Democratic party has led the way in demonizing perfidious "speculators" in the oil market (though, lamentably, some Republicans have joined the dance). "We are putting oil speculators on notice," proclaimed Nancy Pelosi, at the forefront of the witch hunt. "We need to crack down on excessive speculation," Senate majority leader Harry Reid exclaimed after President Bush lifted the executive order banning offshore drilling (Congress has its own ban). It's a pas de deux of populist asininity in which ignorance and cynicism take turns in the lead.
The ignorance is incandescent. Democrats talk as if commodity traders can, on a whim, conspire to inflate global oil prices indefinitely. There may indeed be a bubble, but the idea that there's mustache-twirling villainy behind it is absurd. Nearly half the traders in the oil market think the price will go down. Indeed, ...
- Falling oil prices may bring riots, extremism in Azerbaijan - analyst.
- Newspaper article from: BBC Monitoring International Reports October 21, 2008 700+ words
...Azerbaijani analyst has said that the falling oil prices in the world market may bring about social...do not see a threat for them in it" Oil prices fell again yesterday [17 October...already expressed concern over the falling oil prices. It is scheduled to discuss the impact...
- Oil prices and growth.
- Magazine article from: National Institute Economic Review Barrell, Ray Kirby, Simon April 1, 2008 700+ words
Over the past fifteen months oil prices have steadily risen from around $60 a barrel to over...sustainable position, as can be seen from our projections for oil prices. Oil prices are expected to fall back to $90 a barrel by the end of...
- Do high oil prices presage inflation? The evidence from G-5 countries.
- Magazine article from: Business Economics LeBlanc, Michael Chinn, Menzie D. April 1, 2004 700+ words
...growing body of evidence suggesting that oil prices may have asymmetric and nonlinear effects...traditionally thought to be more sensitive to oil prices than in the United States, is unlikely...countries. ********** Movements in oil prices have complicated the tasks of policymakers...
- ANALYSIS / High oil prices seen threatening recovery.
- News wire article from: Asia Africa Intelligence Wire August 23, 2004 700+ words
...Shimbun/Daily Yomiuri) ANALYSIS / High oil prices seen threatening recovery Tsuyoshi Ito...Shimbun Staff Writers Yomiuri Surging crude oil prices, which are threatening to reach 50 dollars...factor for the Japanese economy. If oil prices continue at an excessively high rate...
- Can high oil prices be good for the world?, JAKARTA POST.
- News wire article from: Finance Wire October 25, 2004 700+ words
...www.thejakartapost.com/ World oil prices crossed US$40 a barrel in mid-summer...climbed to the mid-$50s. Today's oil prices are still only two-thirds the real...barrel. But the current high level of oil prices has led forecasters to start reining...
- Oil prices stay high one year after Iraq War, XINHUA.
- News wire article from: Worldsources Online March 19, 2004 700+ words
...BEIJING, March 19 (Xinhua) -- World oil prices soared to fresh 13-year highs earlier...US-led invasion of Iraq last March, oil prices raced to 38 dollars a barrel, the highest...the fall of the Iraqi capital Baghdad, oil prices began to fall. Many analysts then predicted...
- Oil prices high, going higher; A nine-year peak in the price of crude shoots...
- Newspaper article from: The Christian Science Monitor Baldauf, Scott November 26, 1999 700+ words
...gas pump recently. Get used to it. Oil prices have soared from $11 a barrel in December...else? - Iraq, economists predict that oil prices could rise as high as $30 a barrel by...beginning of next year. Behind these higher oil prices are a combination of forces, from the...
- Oil prices: prolonged levitation, potential collapse.
- Newspaper article from: Petroleum Intelligence Weekly March 20, 2006 700+ words
...must. It is widely claimed that current oil prices include a premium above the equilibrium...interruption. This makes buyers nervous, so oil prices jump sharply upward at any apparent or...remaining half is the reverse effect: high oil prices themselves contribute to geopolitical...
- China again lowers refined oil prices.
- Newspaper article from: BBC Monitoring International Reports January 1, 2002 700+ words
Text of report entitled: "Refined oil prices drop again today"; published by official...January: Beginning from today, refined oil prices will drop again. The producer price...Commission said: The cut in refined oil prices is based on the change in international...
- No easy way to curb rising oil prices.
- Newspaper article from: Kyodo News International (Tokyo, Japan) April 17, 2005 700+ words
...nations are grappling with a spike in crude oil prices as it looms as a risk to the global economy...7 voiced more concern over costlier oil prices and their impact on the global economy...day talks in Washington. "Higher oil prices are a headwind and the expansion is less...
Source: HighBeam Research, Vice trade.(Democratic Party)