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The fallacy of blaming oil ‘speculators’

Article by Matthew Denhart February 13, 2013 //   1 minute read

Robert J. Samuelson, The Washington Post We should exorcise the politically convenient notion that high oil prices result from the market maneuvers of greedy “speculators.” It’s convenient because it suggests that a solution to high pump prices — or a partial solution — is to banish the offending speculators from the marketplace. That’s fantasy. Read More