Don’t blame the speculators
Jul 3rd 2008
From The Economist print edition
Politicians who try to make oil cheaper by restraining speculation will just
make things worse
ALTHOUGH the price of oil continues to hit new records, it has in one
respect been a quiet week on the oil markets. America’s lawmakers are
celebrating Independence Day by taking a few days off. That has led to a
brief interruption in the torrent of proposals aimed at curbing speculation.
Ten different bills on the subject are in
