Speculators and Oil Prices

http://www.futureofcapitalism.com/2009/09/speculators-and-oil-prices

The Economist has an article on whether it is "speculators" who are responsible for spikes in oil prices, and whether trading positions in oil futures should be limited by the government, as the head of the Commodity Futures Trading Commission, Gary Gensler, has suggested. The article concludes that the evidence for blaming speculators and for limiting positions, is weak. "It is tempting to look for scapegoats when high prices hurt consumers. But the real culprits for oil-price volatility may be much more familiar: supply, demand and global instability."

by Editor  |  Sep 9, 2009 at 4:47 pm Related Topics:  Capital Markets Regulation, Energy receive the latest by email: subscribe to the free futureofcapitalism.com mailing list