Does oil speculation increase gas prices?

Stuff You Should Know

iHeartPodcasts

Society & Culture

4.6 • 79.3K Ratings

🗓️ 7 April 2011

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

In an uncertain economy, investors often flock to commodities like oil, trading oil futures in a derivative market. Some believe this creates an artificially high price. Join Josh and Chuck and learn if this market is responsible for inflating gas prices.

Transcript

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0:00.0	There's so much news happening around the world that we're somehow supposed to stay on top of.
0:05.7	That's why we launched The Big Take.
0:08.3	It's a daily podcast from Bloomberg and I Heart Radio that turns down the volume a bit
0:14.0	to give you some space to think.
0:16.4	I'm Wes Kosova.
0:17.7	Each weekday I dig into one important story and talk about why it matters.
0:23.6	Listen to The Big Take on The I Heart Radio App, Apple Podcasts or wherever you listen.
0:30.5	Brought to you by the reinvented 2012 camera.
0:33.3	It's ready, are you?
0:35.8	Welcome to Stuffy Should Know, from HouseofWorks.com.
0:45.8	Hey and welcome to The Podcast.
0:47.3	I'm Josh Clark.
0:48.3	I think a cross from me is when Charles W. Chuck Bryant and since there's a couple of microphones
0:54.5	in front of us that would make this stuff you should know, the all audio podcast, all
0:58.7	goodness all the time.
1:00.4	And in the other room is guest producer Elizabeth Lizzie.
1:03.2	Yeah.
1:04.2	Our old buddy is back here working.
1:06.0	Yep.
1:07.0	Which is nice.
1:08.0	Giving us pieces of drive mango.
1:10.4	And in between she worked for Emily and so I just haven't been able to lose Lizzie.
	...

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