Don't Believe These Tall Tales
In truth, President Obama's recent move -- discussing proposals to limit speculation in the oil markets -- does hint at political rhetoric. There is an instant suspicion, and rightly so, when the president unveils measures to attack "high gas prices" in an election year and asks for congressional help he knows he's not going to get.
But, political posturing aside, Obama is not wrong: Oil speculation, in its many forms, has driven prices upward and away from the true supply-and-demand fundamentals that exist....716 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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