Detailed text transcripts for TV channel - MSNBC - 20110313:16:45:00
Alone. crude oil is up 11%. remember back to 2008 when people thought speculators might be having an impact when gas was over $4 a gallon and crude oil reached 147.20. we have a 64% increase, thomas. a 64% increase in the positions of speculators since that time. so our job at the cftc is to put in place a limit on how much the speculators control the market. we were supposed to do it in january. we need to do better. hopefully we'll put the positions in as soon as we can to ensure that these speculators aren't helping to push price up. i can't give you a quantity for how much they contribute,...
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