Are Oil Speculators Responsible for High Prices?

Anyone who believes that higher oil prices are the result of "evil speculators" is a gullible ignoramus.  Most in government are too, but even those in the know are happy to push the lies and place blame on imaginary people.  In fact, oil has not gone up in price at all, unfortunately people still seem to have trouble grasping what inflation is and what it does to prices.  Look for yourself in this relatively simple to understand (and slightly outdated) graph: