Oil Prices Spike Exacerbated By Wall Street Speculation, Federal Reserve Study Finds
Posted: 03/20/2012 3:53 pm Updated: 03/20/2012 6:06 pm
WASHINGTON — Two economists at the St. Louis Federal Reserve have published findings that indicate that Wall Street speculation is responsible for 15 percent of the increase in oil prices over the past decade, a finding with significant implications for the recent sharp rise in gas prices.
“Speculation was the second-largest contributor to [...]
