When it comes to matters oil and energy, the globby hand of oil influence seems to smear all in the industry, even the otherwise-esteemed International Energy Agency (IEA).
The latest Citigroup episode puts into clear focus the question that should have been posited from the very outset: what in the world is a bank doing in the oil trading business?!
"Supply and demand." For months -- no, for years -- it has been the constant refrain, explaining away the gyrations and steep trajectory of oil prices.
Sovereign Immunity has its roots in old English law postulating that neither the sovereign nor the sovereign state can commit a legal wrong. It is an anachronism of another time and poses a great danger to our security.