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Speculative Bubbles in Oil Price

If gas station dealers are confused in trying to predict the price of gas based on supply and demand, they aren't the only ones. The television news program 60 Minutes says that the historic swings in oil prices recently may actually be the result of financial speculation, rather than supply and demand. (Watch the 13:28 minute video below for full details. Short commercial comes first.)

60 Minutes' Steve Kroft investigates speculation bubbles in oil prices.

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