High oil prices likely unrelated to speculation
Go Deeper.
Create an account or log in to save stories.
Like this?
Thanks for liking this story! We have added it to a list of your favorite stories.
A new bill aimed at curbing oil price speculation gets a test vote today in the U.S. Senate.
Some lawmakers, U.S. Sen. Amy Klobuchar, DFL-Minn., blame the sharp run up in crude oil and gasoline prices on excessive speculation, while others say the increase simply reflects tight supply and strong demand.
To get a better idea of how speculation affects the price of oil, Minnesota Public Radio's Cathy Wurzer talked with V.V. Chari, professor of economics at the University of Minnesota and an adviser to the Federal Reserve Bank.
Turn Up Your Support
MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all.