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Is it Oil Speculators?

Posted by Dennis Avery on Apr 23, 2012 at 06:02 PM

What keeps the futures markets honest is the threat of delivery

Churchville, VA—President Obama stood in the Rose Garden and pledged to prosecute “oil speculators.” Bill O’Reilly goes on TV night after night and blames “speculators” for gas pump prices, while guest after guest tell him he’s wrong. My wife asks” “What’s an oil speculator?”

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