Speculation and Oil Prices
Blaming speculators for rising oil prices is like blaming thermometers for a heat wave
By Institute for Energy Research —— Bio and Archives--March 21, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
Understandably anxious to show the American voters that he is "doing something" about high gas prices, President Obama lately has played the time-honored card of blaming shadowy speculators for our economic woes. Obama has gone so far as to call last year's task force on oil speculation back into action.
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