Register for an account

X

Enter your name and email address below.

Your email address is used to log in and will not be shared or sold. Read our privacy policy.

X

Website access code

Enter your access code into the form field below.

If you are a Zinio, Nook, Kindle, Apple, or Google Play subscriber, you can enter your website access code to gain subscriber access. Your website access code is located in the upper right corner of the Table of Contents page of your digital edition.

Environment

The Commodity Speculation Bubble

Newsletter

Sign up for our email newsletter for the latest science news

I'm taking on speculation in commodity markets over at NexGen:

The trouble is financial speculators. The world's growing middle class is buying more food and oil and investing in large institutional commodity markets. In other words, traders are betting on rising prices.

placeholder

So don't look to ANWR and offshore drilling as the solution to high oil prices. Look to the traders who do not pass price fall benefits to the consumer. The trend has not gone unnoticed in the US and the Senate is now considering legislation aimed at cutting the cost of petrol and heating oil by ending excessive speculation in oil futures driving up prices.

The spike in commodity prices is giving us a taste of the future. We must develop alternative energy technologies now because despite a reprieve, be assured prices will climb back up again. Read my full post here.

    2 Free Articles Left

    Want it all? Get unlimited access when you subscribe.

    Subscribe

    Already a subscriber? Register or Log In

    Want unlimited access?

    Subscribe today and save 70%

    Subscribe

    Already a subscriber? Register or Log In