"A few speculators dominate vast oil market."
"Regulators: Swiss energy firm holds 11 percent of contracts on NYMEX."
"It is now evident that speculators in the energy futures markets play a much larger role than previously thought, and it is now even harder to accept the agency's laughable assertion that excessive speculation has not contributed to rising energy prices," said Rep. John D. Dingell (D-Mich.). He added that it was "difficult to comprehend how the CFTC would allow a trader" to acquire such a large oil inventory "and not scrutinize this position any sooner."
It's sad that the folks who suggested this could be an issue were derided as conspiracy nuts. Capitalism left to itself, unfettered, is not good for most people or nations.
Arf