Home > blog > Page
NEW REPORT: Speculation has little effect on oil prices
Posted by Michael Tadeo on May 06, 2013
Remember this?

“We can’t afford a situation where speculators artificially manipulate markets by buying up oil, creating the perception of a shortage, and driving prices higher.”
— President Obama, April 17, 2012



According to a recent research study by professors at MIT’s Sloan School of Management, oil speculation has little effect on oil price volatility. This study said that oil price volatility over the past 10 years has been “largely due to long-term shifts in fundamentals, namely the rise of China and India whose growing thirst for petroleum drives up the price.”

To view the whole study, click HERE.

In order to truly lower energy prices, America must adopt a true “all-of-the-above” approach to energy that creates jobs and makes America more energy secure.
    Post a Comment
    Fill out the fields below to submit a comment

    Latest News

    Bishop Statement on the Passing of Former Delegate from American Samoa Faleomavaega Eni Hunkin

    Chairman Rob Bishop (R-UT) issued the following statement upon news of the passing of Faleomavaega Eni Hunkin, former and longest serving Delegate from American Samoa in the U.S. House of Representati...... Read more

    ONRR Suspends Controversial Midnight Royalty Valuation Rule Finalized Under Obama Administration

    The Department of the Interior announced they will postpone the implementation of the Office of Natural Resources Revenue’s (ONRR) “Consolidated Federal Oil & Gas and Federal & Indian Coal Valuation R...... Read more

    Regulatory Reform Order a Paradigm Shift to Empower People Over Bureaucracy

    Today, President Donald J. Trump signed an Executive Order requiring every federal agency to establish a Regulatory Reform Task Force to enforce the administration’s regulatory reform agenda. Chairman...... Read more

    View All News

    Calendar

    Oversight Hearing on Modernizing Western Water and Power Infrastructure in the 21st Century
    Subcommittee on Water, Power and Oceans | 1324 Longworth House Office Building Washington D.C. 20515
    View All Events