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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (85384)	9/19/2008 2:07:24 PM
From: TimF	Read Replies (1) \| Respond to of 541957

It's OK with me if you believe speculators had nothing to do with the huge, sudden spike in oil prices, and the even more sudden decline. That misstates my opinion. Exaggerating it, to make it an easier target. (Probably unintentionally, I figure it was a good faith effort not a deliberate straw man attack.) A better description would be that speculators where 1 - Not participating in some nefarious plot to control the price of oil and move it up over a time frame of the better part of a year. (Or at least that there is no evidence for such a plot, or reason to believe that such a plot would succeed) 2 - Not the driving force behind the increase. 3 - For the most part not on the net harmful.