How much of the price of a barrel of oil is due to speculation?

The St. Louis Federal Reserve Bank recently released their analysis of the impact of oil speculation.  The St. Louis Federal Reserve Bank estimates the impact of speculation to constitute approximately 15% of the price of a barrel of oil.  Fuel cost remains the largest expenditure in the aviation industry.  This report should serve as a wakeup call for elected officials to provide the Commodities Future Trading Commission (CFTC)  with the funding necessary to implement rules designed to curb excessive speculation in the Dodd-Frank Wall Street Reform Act.  ALPA fought and continues to fight for these rules, while Wall Street gamblers spend tens of millions of dollars in an ongoing effort to weaken the law.

Read the full report here

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One Response to How much of the price of a barrel of oil is due to speculation?

  1. Pingback: Senator Wyden Calls for Investigation of Oil Market Manipulation | Pilot Partisan

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