05/10/2011 05:31 pm ET | Updated Jul 10, 2011

Oil Speculators: Manipulating The Market Or Savvy Investors?

As the price of oil climbed over the past few months, a growing army of commentators and pundits grimly hinted about "speculators" who were manipulating the oil market and profiting from the misery of the American people. In the darkest depictions, these speculators were alleged to be aligned in a vast, global cabal bent on squeezing money out of the U.S. middle class by driving up the price of crude.

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