Audio by title price_of_gas_speculation

Speculators and the Price of Gas

program date: 
Mon, 03/12/2012

 Financial institutions and wealthy individuals can make lots of money buying options on oil, driving up the price, so that we drive on $4+ gas.  Mark Cooper is  Director of Research at the Consumer Federation of America where he has responsibility for analysis and advocacy in the areas of telecommunications, media, digital rights, economic and energy policy.  Here he talks with the Old Mole's Bill Resnick about how the price of gas and many other commodities are increased by speculators.  

17:00 minutes (9.73 MB)

 

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