In Defense of Oil Speculators

Author: Blake Clayton, Adjunct Fellow for Energy
April 9, 2012
Foreign Affairs

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Summary

With high gasoline prices across the United States, the knives are out for speculators in the oil market. Speculation is an easy scapegoat, but it's the wrong one. If anything, speculators help energy prices respond to shifts in supply and demand, benefiting producers and consumers alike.

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