The Bottom Line

A task force for the Council on Foreign Relations (CFR), a highly respected
Washington think tank, recently released a report that contains dire predictions
for our economy and global oil markets.

Led by ex-CIA chiefs John Schlesinger and John Deutsch, the group reports that the
United States will be unable to achieve energy independence any time in the
foreseeable future, even with massive injections of ethanol, wind power and other
alternative fuels.

Noting the potential ramifications of Energy Mercantilism, it recommends radical
conservation initiatives, possibly including higher gasoline taxes and gasoline
rationing.

It also calls for the implementation of an active public policy… to correct these
markets failures that harm U.S. economic and national security.”

Most oil and gas resources, the report states, are controlled by state-run
companies,some of which enter into supply contracts with consumer countries
that are accompanied by political arrangements that distort the proper functioning
of the market.

The fact is, more and more oil buyers and sellers are hooking up directly, outside of
the marketplace. And in many cases, they’re including other payments into the
transactions direct investment, infrastructure development, political favors, trade
agreements, etc.

And therein lies the uncertainty. How does one know if he’s paying the going rate
for oil when a going rate doesn’t exist? ……Don Miller

Contact:

CEO: Atif Abdelkader
Email: atif@tradercommodity.com

President: Jose Deleon
Email: president@tradercommodity.com

Vise President: Jeffery Lininger
Email: jlininger@tradercommodity.com

Consultant: Donald P. Clements
Email: advisor@tradercommodity.com

Secretary: secretary
Email: secretary@tradercommodity.com