# Commodity Trading on The No Agenda Show

Commodity Trading comes up in 7 chapters across 7 episodes of The No Agenda Show, from May 2008 to April 2026.

- **Chapters:** 7
- **Episodes:** 7
- **Discussed:** May 2008 – April 2026
- **Related topics:** [Oil Prices](https://search.noagendashow.net/topic/oil-prices.md), [Bureaucracy](https://search.noagendashow.net/topic/bureaucracy.md), [Cap And Trade](https://search.noagendashow.net/topic/cap-and-trade.md), [City Of London](https://search.noagendashow.net/topic/city-of-london.md), [Cocoa](https://search.noagendashow.net/topic/cocoa.md), [Commodities](https://search.noagendashow.net/topic/commodities.md), [Department Of Energy](https://search.noagendashow.net/topic/department-of-energy.md), [Epa](https://search.noagendashow.net/topic/epa.md), [Eurozone](https://search.noagendashow.net/topic/eurozone.md), [Gas Prices](https://search.noagendashow.net/topic/gas-prices.md)

## Chapters 1–7 of 7

### Marc Rich, Commodity Trading History

- **Episode:** [1863: Nekkidly](https://search.noagendashow.net/episode/1863-nekkidly.md)
- **Published:** 2026-04-26
- **Time:** 1:35:19–1:39:13
- **Transcript:** https://search.noagendashow.net/episode/1863-nekkidly/chapter/marc-rich-commodity-trading-history.md

The history of commodity trading is highlighted through the career of Marc Rich, who made billions trading Iranian oil through a secretive pipeline in Israel. Rich was eventually indicted by prosecutor Rudy Giuliani for tax fraud and trading with Iran during the hostage crisis. He and his partner, Pinky Green, fled to Switzerland and continued their business as the world's largest commodity trading house until Rich was pardoned by Bill Clinton.

Keywords: marc rich, [rudy giuliani](https://search.noagendashow.net/topic/rudy-giuliani.md), pinky green, [israel](https://search.noagendashow.net/topic/israel.md), [commodity trading](https://search.noagendashow.net/topic/commodity-trading.md)

### Carbon Trade Exchange, Leonardo DiCaprio and Financial Markets

- **Episode:** [793: Divide & Ruin](https://search.noagendashow.net/episode/793-divide-ruin.md)
- **Published:** 2016-01-25
- **Time:** 1:41:41–1:46:39
- **Transcript:** https://search.noagendashow.net/episode/793-divide-ruin/chapter/carbon-trade-exchange-leonardo-dicaprio-and-financial-markets.md

Leonardo DiCaprio is revealed to be a supporter of the Carbon Trade Exchange (CTX), a global platform for trading carbon credits, renewable energy certificates, and water rights. The hosts examine the board of directors and the exchange's role in commercializing environmental commodities. They frame the "Green World Rising" documentary series as a promotional tool for these new financial markets.

Keywords: carbon trade exchange, [leonardo dicaprio](https://search.noagendashow.net/topic/leonardo-dicaprio.md), [cap and trade](https://search.noagendashow.net/topic/cap-and-trade.md), [water rights](https://search.noagendashow.net/topic/water-rights.md), commodity markets

### Hugo Chavez, Venezuelan Gold Reserves, Nigel Farage

- **Episode:** [332: Bud Nip](https://search.noagendashow.net/episode/332-bud-nip.md)
- **Published:** 2011-08-21
- **Time:** 56:21–59:20
- **Transcript:** https://search.noagendashow.net/episode/332-bud-nip/chapter/hugo-chavez-venezuelan-gold-reserves-nigel-farage.md

Venezuelan President Hugo Chavez announces the nationalization of gold mines and the withdrawal of $11 billion in gold reserves from Western banks to move them to Russia and China. Nigel Farage joins the discussion via clip, predicting that gold could double in value as the Western financial system faces a protracted banking crisis. Adam Curry sets a personal price target of $2,750 per ounce for selling his holdings.

Keywords: [venezuela](https://search.noagendashow.net/topic/venezuela.md), [hugo chavez](https://search.noagendashow.net/topic/hugo-chavez.md), [gold reserves](https://search.noagendashow.net/topic/gold-reserves.md), [nigel farage](https://search.noagendashow.net/topic/nigel-farage.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [commodity trading](https://search.noagendashow.net/topic/commodity-trading.md), [eurozone](https://search.noagendashow.net/topic/eurozone.md)

### Mystery Trader, Global Cocoa Market Cornering

- **Episode:** [218: Former Soviet Spy](https://search.noagendashow.net/episode/218-former-soviet-spy.md)
- **Published:** 2010-07-18
- **Time:** 19:43–21:22
- **Transcript:** https://search.noagendashow.net/episode/218-former-soviet-spy/chapter/mystery-trader-global-cocoa-market-cornering.md

A report from The Telegraph details a mystery trader who purchased nearly all of Europe's physical cocoa stocks, valued at approximately $1 billion. The trade sent cocoa prices to their highest levels since 1977. The hosts question the lack of transparency in the market and the inability of financial reporters to identify the individual or group behind the massive acquisition.

Keywords: [cocoa](https://search.noagendashow.net/topic/cocoa.md), [the telegraph](https://search.noagendashow.net/topic/the-telegraph.md), [netherlands](https://search.noagendashow.net/topic/netherlands.md), [hamburg](https://search.noagendashow.net/topic/hamburg.md), [commodity trading](https://search.noagendashow.net/topic/commodity-trading.md)

### EPA Bureaucracy, Cap and Trade Agency Chart

- **Episode:** [108: Waxman Is A Dick](https://search.noagendashow.net/episode/108-waxman-is-a-dick.md)
- **Published:** 2009-06-28
- **Time:** 16:23–19:07
- **Transcript:** https://search.noagendashow.net/episode/108-waxman-is-a-dick/chapter/epa-bureaucracy-cap-and-trade-agency-chart.md

Representative John Boehner presented a complex organizational chart on the House floor illustrating the massive bureaucracy created by the cap and trade bill. The Environmental Protection Agency (EPA) sits at the center of a web involving the Department of Energy, the Department of Labor, and the Commodity Futures Trading Commission. The hosts argue the bill expands government oversight into nearly every federal department.

Keywords: [epa](https://search.noagendashow.net/topic/epa.md), [department of energy](https://search.noagendashow.net/topic/department-of-energy.md), commodity futures trading commission, [bureaucracy](https://search.noagendashow.net/topic/bureaucracy.md), climate bill

### Oil Price Manipulation and City of London Autonomy

- **Episode:** [36: Yahoo+Microsoft=Britney Spears](https://search.noagendashow.net/episode/36-yahoo-microsoft-britney-spears.md)
- **Published:** 2008-06-22
- **Time:** 12:30–15:37
- **Transcript:** https://search.noagendashow.net/episode/36-yahoo-microsoft-britney-spears/chapter/oil-price-manipulation-and-city-of-london-autonomy.md

High oil prices are attributed to trading loopholes in the City of London, a unique financial entity with its own laws and mayor. The "Enron loophole" allows for excessive speculation in oil futures without the disclosure requirements typically found in US markets. The US government is reportedly attempting to pressure the City of London to adopt more transparent trading limits.

Keywords: [oil prices](https://search.noagendashow.net/topic/oil-prices.md), [city of london](https://search.noagendashow.net/topic/city-of-london.md), [commodity trading](https://search.noagendashow.net/topic/commodity-trading.md), enron loophole, [michael greenberger](https://search.noagendashow.net/topic/michael-greenberger.md), balls clause

### Oil Prices, Futures Trading, and Currency Devaluation

- **Episode:** [30: Authoritarianism](https://search.noagendashow.net/episode/30-authoritarianism.md)
- **Published:** 2008-05-10
- **Time:** 27:39–31:02
- **Transcript:** https://search.noagendashow.net/episode/30-authoritarianism/chapter/oil-prices-futures-trading-and-currency-devaluation.md

Crude oil prices reaching $126 a barrel are attributed to speculative futures trading rather than supply issues, with predictions that costs could hit $200. The weakening US dollar has created a market where European tourists can purchase imported goods in America for significantly less than in their home countries.

Keywords: [oil prices](https://search.noagendashow.net/topic/oil-prices.md), futures trading, [us dollar](https://search.noagendashow.net/topic/us-dollar.md), [inflation](https://search.noagendashow.net/topic/inflation.md), [commodities](https://search.noagendashow.net/topic/commodities.md), [gas prices](https://search.noagendashow.net/topic/gas-prices.md)

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