We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Speculators Created Bubble in Oil Market: Soros

Law360 (June 3, 2008, 12:00 AM EDT) -- Speculation in energy markets is at least partly responsible for the skyrocketing price of oil, billionaire investor George Soros told a Senate panel Tuesday.

The hearing, held by the Senate Committee on Commerce, Science and Transportation, is the latest effort by Democratic leaders on Capitol Hill to unearth the root causes of soaring energy prices and turn up the heat on regulatory agencies.

Recent congressional hearings have probed whether institutional investors' increased speculation in commodities markets has created a “demand shock” that has led to rising...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.