ALBUQUERQUE, N.M. — When you’ve covered business and the economy as long as I have, things start having a familiar ring.
President Obama in a speech he gave today scolded oil speculators for driving the price of oil too high. I’ve lost track of how many times I’ve heard a politician give the same speech.
There is little economic evidence for this.
Here is a story I wrote on the subject the last time politicians called out the speculators. Interestingly enough, it was during the last presidential election year.