There are many commentators who believe that the recent Congressional hearings about oil speculators is a distraction from the real issue: a shortage of oil in the world. Here is another perspective. Maybe there really IS an important contribution of speculators to world oil prices. The proposed culprits? The usual: the big banks.
http://www.financialsense.com/editorials/engdahl/2008/0502.html
Keep your eyes and mind open.
Mike Childress
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