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March 27, 2012

Defense of oil speculation is just plain wrong – CNN Money Opinion piece

“CNNMoney recently ran two columns on the role speculators are having on oil prices.”

“Better Markets, an organization dedicated to Wall Street reform, argued speculators are to blame for the high prices while finance professor Craig Pirrong said speculators are having little impact.”

Pirrong’s piece directly attacked Better Markets. This is a response by Better Markets’ president Dennis Kelleher:

Everyone is entitled to their own opinion, but not their own facts or evidence.

Better Markets has done extensive research on the commodity markets and commodity index funds in particular.

Read full CNN article here.

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