" Lacking any constructive ideas, the Democrats have resorted to ignorant demagoguery. Most recently, President Obama has vowed to hire a bunch of law enforcement officers to crack down on “speculation” in the oil market.
Whatever that means. Next time one of your Democrat friends starts talking about speculation driving up the price of oil, ask him a few questions, like: How do you tell a speculator from a non-speculator? How, exactly, do “speculators” raise the price of oil? If the speculators are wrong about the fundamentals of supply and demand, won’t they lose their shirts? If speculators are responsible for high oil prices, why aren’t they also driving up the price of natural gas, which is at a historic low?" [Power Line]
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