There is a pervasion of misinformation clouding the public’s understanding of how oil prices are really determined and the policies in place that have rigged the game to benefit the house dealers: the oil industry. In this book, Raymond Learsy discusses how the rich and powerful have gamed a system to the detriment of the vast majority, documenting with cunning commentary and savvy wit how we’ve ended up with $4+ gasoline.
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Raymond J. Learsy a graduate of Wharton School of Business, launched into the fast-paced, risk-filled world of commodities trading beginning five decades ago. In 1963, he started his own firm and over the course of 20 years expanded from the United States into Canada, the United Kingdom, Europe and Asia, trading in bulk raw materials and commodities. Learsy’s analysis of the international oil trade, OPEC, and its impact on the American and world economies has been featured in the National Review Online, The New York Times, the Pipeline and Gas Journal, CNBC and NPR, and as a regular contributor to The Huffington Post.
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