December 18, 2009 - On December 17, 2009, Energy Industry Icon Karl W. Miller issued a report: The United States: A Global Power without an Energy Plan and without a CEO / Leaderhttp

The last two days have been very interesting to watch. Interesting enough for us to take the time and post, which has become the exception to the rule. Its seems the duo of Paulson and recently added big gun Bernanke had started to make head way against the dollar/oil imbalances, until yesterday. In swoops Trichet. Was this the same Trichet yesterday that urged citing the dollar during the G7 meeting and subsequent press statement? The same Trichet that has been harping the US about the low dollar in several noted press conferences. In the past it has seemed that world central banks have worked together. Is Trichet trying to assert the new found global power of the ECB and his speaking platform? Although central banks are ,supposedly, independent entities, we would argue that they are political entities into themselves. What ...

Normally, I don't care for predictions but considering this was the fellow who in 2005 said their could be a "super spike" in crude, let's see what he has to say (I am on record as saying a "World of Shortages" theme combined with Western governments flooding the world with fiat paper can only combine to ultimately create higher prices). These are the first people (along with Cramer - have to give him kudos) who finally are realizing that the world does not revolve around the United States of Subprime; a position I've been advocating for a long while. The quicker we move away from our country-centric views, the better. U.S. gasoline is no longer the leading fundamental driving oil markets, according to a report penned by Arjun Murti of Goldman Sachs Tuesday. Murti who famously predicted the dawn of the “super spike” back in March 2005, says ...