Researchers doubt oil speculator impactArticle in The Energy Journal looks at relationship between commodity trading, steep rise in crude prices from 2003 to 2008 Wesley Loy For Petroleum News
Were financial speculators responsible for sending the price of crude oil soaring in recent years?
Most likely, no.
That’s the thrust of an article in The Energy Journal (Vol. 34, No. 3), a quarterly publication of the International Association for Energy Economics.
The authors, Ron Alquist and Oliv....
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