As Americans watch their wallets empty as quickly as gas prices climb, we all search for answers. Some experts say the seemingly endless rise in gas prices is being driven largely by oil speculation, the practice of buying and trading oil futures -- in an attempt to predict the cost of oil at a later date. Should you blame speculation for your pain at the pump?
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Analyze the Data
- From NYMEX
By New York Mercantile Exchange - Commodity Futures Exchange
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The data have spoken
It seems to me that reporters and commentators are just looking for someone to blame, no matter how unrealistic the story. A very small portion of the population would consider themselves "speculators," so they make easy scapegoats. Actual coverage of data analysis is too complicated or nuanced for a sound bite or for an incendiary talk show segment, which means that, unfortunately, no one gets the real picture. At the end of the day, though, I have to side with reality.
Are the data and analyses you mention publicly available, or are they currently only held by your research department? It would be easier to get these facts and figures to the public if you release and publicize a report.
- thoughtcounts Z
September 4, 2008 1:54PM
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