| From Istockanalyst.com: Speculators take most of the heat for the recent oil spike, but were they really to blame for last year's high prices? Probably not, says Dr. James Hamilton, who argues that supply and demand, not speculators, were behind oil's 2008 rise.
A professor of economics at the University of California, San Diego, Dr. Hamilton co-authors the popular blog, Econbrowser, where he analyzes current economic policy decisions and conditions.................................Full Article: Source
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