Tag Archive: US Federal Reserve


Oil prices drop below $94 per barrel

By PAMELA SAMPSON | Associated Press – 14 hrs ago

BANGKOK (AP) — Oil fell below $94 a barrel Thursday as disagreement among U.S. Federal Reserve officials about its super easy monetary policy weighed on prices ahead of the release of a report on U.S. crude inventories.

Benchmark crude for April delivery was down $1.64 to $93.58 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract lost $1.88, or 2 percent, to finish at $95.22 a barrel on the Nymex on Wednesday.

Oil prices were undercut by expectations for higher U.S. crude supplies when the Energy Department’s Energy Information Administration releases its weekly inventory report later Thursday.

Carl Larry of Oil Outlooks and Opinions forecast a rise of 1.5 million barrels.

“An increase in inventories here may seem like the best thing with refineries cutting runs, but we’re cutting our imports and increasing our domestic production,” he said in an email commentary. Ample supplies tend to lower prices.

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Politics / Legislation

Rules Chairman Dreier announces retirement after 16 House terms

By Pete Kasperowicz – 02/29/12 10:13 AM ET

http://thehill.com/blogs/floor-action/house/213273-rep-dreier-announces-retirement-on-house-floor

House votes to overturn Supreme Court decision on eminent domain

By Pete Kasperowicz – 02/28/12 05:19 PM ET

$744,000 Buys Cooperative Guantanamo Captives a New Soccer Field

http://www.nationofchange.org/744000-buys-cooperative-guantanamo-captives-new-soccer-field-1330536310

AIPAC Undermines Democracy at Home and in the Middle East

http://www.nationofchange.org/aipac-undermines-democracy-home-and-middle-east-1330533329

Goodbye, First Amendment: ‘Trespass Bill’ will make protest illegal

http://rt.com/usa/news/348-act-tresspass-buildings-437/

Barack Obama Waives Rule Allowing Indefinite Military Detention Of Americans

http://www.huffingtonpost.com/2012/02/28/indefinite-military-deten_n_1308129.html

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Napolitano defends U.S. drug war in face of legalization debate

http://www.reuters.com/article/2012/02/27/us-mexico-drugs-idUSTRE81Q2CA20120227

Justice on the High Seas

The Supreme Court says corporations have a right to free speech. But can they get away with murder?

http://www.slate.com/articles/news_and_politics/supreme_court_dispatches/2012/02/the_supreme_court_considers_whether_royal_dutch_shell_is_immune_from_liability_for_human_rights_abuses_because_it_is_a_corporation_.html

NDAA Nullification Passes Virginia Senate by a Veto-Proof 39-1 Vote

http://tenthamendmentcenter.com/2012/02/28/ndaa-nullification-passes-virginia-senate-by-a-veto-proof-39-1-vote/

Economy

US deficit a serious threat, says IIF

http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/27-Feb-2012/us-deficit-a-serious-threat-says-iif

http://www.democracynow.org/embed/story/2011/8/5/new_expos_tracks_alec_private_prison

Worried Dems pressing Obama on gas prices

By Alexander Bolton – 02/28/12 09:45 PM ET

Clinton: No timeline yet for new Keystone pipeline decision

By Ben Geman – 02/28/12 03:54 PM ET

Banks post most profitable year since 2006

By Vicki Needham – 02/28/12 04:34 PM ET

Bernanke warns lawmakers nation headed for ‘massive fiscal cliff’

By Peter Schroeder – 02/29/12 01:26 PM ET