Posts Tagged ‘Speculation’

60 Minutes Spectacle on Speculators

January 26, 2009

The January 11 edition of 60 Minutes featured a segment on oil speculation. Correspondent Steve Kroft interviewed hedge fund manager Michael Masters and others who blamed the run-up in oil prices on hedge funds and other investors. Unfortunately, Kroft failed to interview a single person who explained the benefits of hedging and even speculation on [...]

IER Report: Speculators Not to Blame for High Oil Prices

June 24, 2008

FOR IMMEDIATE RELEASE
June 24, 2008
CONTACT:
Brian Kennedy (202) 434-8200
WASHINGTON, D.C. – The Institute for Energy Research (IER) today released a study authored by its resident economist, Robert Murphy , on the role speculators are playing in the global oil market. The report, Speculators Fixing Oil Prices? Don’t Bet On It , separates fact [...]

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