financial speculators now account for 64% of oil contracts

previously financial speculators historically accounted for about 30 percent of oil contracts. This is a large part of why oil prices are rising.

Source: Robert Reich (Why Republicans Aren't Mentioning the Real Cause of Rising Prices at the Gas Pump)

added 2012-03-16T16:14:40Z by anders

Tags: oil economics politics wall street regulation speculation