Sanders: Oil Speculators Behind High Gas Prices

Sen. Bernie Sanders (I-VT) says that the soaring gas prices are the fault of oil speculators on Wall Street. "Ten years ago oil speculators controlled about 30 percent of the oil futures market," Sanders explained. "Today Wall Street
By David Edwards — June 3, 2011

Sen. Bernie Sanders (I-VT) says that the soaring gas prices are the fault of oil speculators on Wall Street.

"Ten years ago oil speculators controlled about 30 percent of the oil futures market," Sanders explained. "Today Wall Street speculators control over 80 percent of that market."

"Their sole function in life is to speculate to drive oil prices up and to make money," he added.

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