Politicians Still Misunderstand Oil Markets


Glenn Williams

 | Jun 27, 2014 | 6:06 PM EDT
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Oil and water do not mix. It turns out that oil and politics do not mix either. Unfortunately, Washington, D.C., seems attracted to oil, and it seems that politicians cannot resist putting their thumb on the scale.

Yesterday, 15 U.S. senators co-sponsored a bill to control oil prices. These Democrats claim they want the Commodity Futures Trading Commission (CFTC) to invoke emergency powers to stop speculators from taking advantage of turmoil in Iraq to drive up oil prices. A copy of the bill can be found here....710 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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