Saudi Arabian Oil Production

US Legislators Misguided Over Oil Crisis Solutions

Banning speculators will bring down crude oil prices says Congress. But they’re missing the point, says Dave Gonigam in The Daily Reckoning. This will not address the imbalance in the oil market… “In ’speculators,’ everyone from members of Congress to the king of Saudi Arabia has found an excuse to ignore the supply-demand imbalance that’s at the heart of $138 oil,” says Dave.