Remember this?

“We can’t afford a situation where speculators artificially manipulate markets by buying up oil, creating the perception of a shortage, and driving prices higher.”
— President Obama, April 17, 2012



According to a recent research study by professors at MIT’s Sloan School of Management, oil speculation has little effect on oil price volatility. This study said that oil price volatility over the past 10 years has been “largely due to long-term shifts in fundamentals, namely the rise of China and India whose growing thirst for petroleum drives up the price.”

To view the whole study, click HERE.

In order to truly lower energy prices, America must adopt a true “all-of-the-above” approach to energy that creates jobs and makes America more energy secure.