The Great Debate

Weak fundamentals bite back in oil

May 12, 2010

The past month has seen weak near-term fundamentals reassert themselves over bullish sentiment about the medium-term outlook in oil markets.

Valuing portfolio diversity in power generation

May 10, 2010

That reflects an emerging consensus among many utility economists and the industry’s own regulator, the Office of Gas and Electricity Markets (Ofgem).

After clash, Senate filibuster ends in whimper

April 29, 2010

Just a few minutes after the Senate failed for a third time in as many days to reach the 60-votes needed to approve a cloture motion on the financial reform bill (failing 56-42), Senate Majority Leader Harry Reid rose to his feet and asked the chamber’s presiding officer:

Financial reform bill puts GOP in dilemma

April 20, 2010

– John Kemp is a Reuters market analyst. The views expressed are his own –

Financial reform legislation is set to reach the Senate floor as early as this week. With U.S. President Barack Obama and Senate Majority Leader Harry Reid holding most of the cards, pressure on Senate Republicans and Wall Street to find a compromise is becoming intense.
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Goldman makes financial reform passage certain

April 16, 2010

— John Kemp is a Reuters columnist. The views expressed are his own —

It is now virtually certain financial reform legislation will go sailing through the Senate, following the complaint filed against Goldman Sachs  and an employee in the U.S. District Court for the Southern District of New York by the Securities and Exchange Commission this afternoon.

Wall Street’s biggest trade of the year

April 15, 2010

Wall Street’s famed army of lobbyists does not seem to have had much success pushing back on the regulatory overhaul bills now being considered by the U.S. Congress.

Market should prepare for autumn rate “exit”

April 13, 2010

Could the first increases in  short-term U.S. interest rates come much earlier than most forecasters expect, perhaps as soon as September or November 2010?

States see pushback against carbon trading

April 12, 2010

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— John Kemp is a Reuters market analyst. The views expressed are his own —

Efforts to implement cap-and-trade programs at state level are faltering, just as policymakers in Washington are struggling to generate enough support to put in place a comprehensive national system.

Paper shows perils of projecting oil demand

March 25, 2010

Global oil consumption could hit a massive 134 million barrels per day (bpd) by 2030, up from 85 million bpd currently, and demand is unlikely to peak in the foreseeable future, according to a recent academic paper.

Oil inventories lose their influence on prices

March 24, 2010

Changes in reported U.S. oil inventories play only a limited role in driving futures prices on the NYMEX. Their influence is far less than the cross-over effects from other asset classes such as equities.