http://archive2.mrc.org/taxonomy/term/14066/all en http://archive2.mrc.org/articles/networks-look-oil-speculators-gas-price-scapegoat <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p >     On the same day Democrats on the House Energy and Commerce Committee <a href="http://www.bloomberg.com/apps/news?pid=20601103&sid=aK1.8mAJ3kX4&refer=news" />condemned oil speculators</a>, the “CBS Evening News” and ABC’s “World News” blamed oil speculation for a large chunk of the spike in prices.</p> <br /> <p >     “There’s no doubt speculation plays a role in the skyrocketing price, but how much?” ABC correspondent Ryan Owens said June 23. “Experts say if it were just simple supply and demand a barrel would cost $75. Today it closed north of $135.”</p><p><a href="http://archive2.mrc.org/articles/networks-look-oil-speculators-gas-price-scapegoat" target="_blank">read more</a></p> Articles MRC Business Business Media company gas hedgefund money networks oil prices profit pump speculate speculator Tue, 24 Jun 2008 16:00:23 +0000 admin 26092 at http://archive2.mrc.org