Well Duh: Relaxed Regulations and Exploding Speculation Cause Wildly Fluctuating Gas Prices
September 1st, 2009 admin
Topics: baker-institute, crazy-swings, futures-market, gas2, higher-degree, oil, peak oil, ravenous-growth, speculation
But from an another point of view, are wild oil price fluctuations really all that bad? In my experience, it doesn’t take a higher degree and advanced knowledge of oil economics to see that rampant speculation is behind the crazy swings in oil prices we’ve seen in recent years. Even so, it’s a topic that economists and pundits have debated ad nauseum
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