California Governor Asks AG To Investigate High Gas Prices, But Not ‘Mystery Surcharge’

In addition to earthquakes, wildfires, power outages and an army of pooping homeless people, California is known for ridiculously high gasoline prices – thanks in part to the state’s notoriously exorbitant taxes.  And in the wake of $6.00 gasoline in some parts of the state, Governor Gavin Newsom has asked Attorney General Xavier Becerra to investigate “If oil companies […]

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Hedge Fund CIO: “Commodity Prices Are -23% Below Where They Were In The Depths Of The Global Financial Crisis”

Submitted by Eric Peters, CEO of One River Asset Management Cost of Production “The commodity index price is roughly at the cost of production,” said the CEO, trained in tracking supply and demand. “Prices sometimes falls below production costs, but those periods are brief,” he continued. We were reviewing his historical charts of a range […]

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