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Concerns have been raised in the popular press and elsewhere that an influx of speculators drove the price of oil to unprecedented heights in 2008, and that it may now be happening again. Although futures markets play an important role in our economy, do we need more safeguards to prevent financial traders from manipulating prices? Panelists from Resources from the Future, Syracuse University, American University, and ClearView Energy Partners reviewed the claims and counterclaims, presented evidence gleaned from ongoing research, and discussed the still-to-be completed process of reform that was mandated by the Dodd-Frank Act in 2010. |