Last year congress held hearings to the effect that oil price speculation has a lot to do with driving up prices. There is now legislation being passed to limit the practice.
Posted: Thursday July 9, 2009 by Alesh Houdek · Categories: Economics · Comment feed: RSS, atom
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If you haven’t already read it, I highly recommend this article. A large piece of it deals with oil speculation driving up prices.
www.rollingstone.com/politics/story/2881…