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December 2010: The Wall Street Journal Warns of Serious Oil Speculation
December 2010: The Wall Street Journal Warns of Serious Oil Speculation
“Hedge funds and private investors are buying up financial instruments tied to the price of crude [oil] and thereby helping push up oil prices” the Wall Street Journal reported in December, 2010.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 26, 2011 --
Most analysts are expecting a price surge this spring or summer. Tom Kloza, chief oil analyst at the Oil Price Information Service predicts that prices could go to an average of $3.50 a gallon this year for gasoline at service stations in the United States.
It's likely that way too many people don’t realize how speculation unnecessarily raises oil prices and we all can suffer badly because of this type of greed. Please support Senator Sherrod Brown's fight against the oil speculators.Thank you.
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