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 [...]

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 [...]