Thursday, September 11, 2008

the real problem with energy

Democrats, including Rep. Matheson, have long targeted speculators.

But a new report says:

In its report, the Commodity Futures Trading Commission said this year's spike in crude futures appears to be due to "an appreciation of the value of existing investments caused by the rise in crude oil prices and not the result of more money flowing into commodity index trading."

In other words, real supply and demand, not paper speculation.

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