Ok I just felt like this video had to get some exposure…..finally a video that explanes it all!
I told everyone a long time ago, as it was happening, the reason the gas prices were out of control were the speculative people in the market. The stock market is just evil. There needs to be more regulation. Times have changed and along with all the electronic trading that goes on, allowing even babies with blackberries to trade… we are soon to be in for a hurtin.
This from CBS.
The historic swings in oil prices last year were the result of financial speculation from Wall Street and not supply and demand. Steve Kroft investigates.