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CBS: Wall Street caused oil price spike

By David Edwards
Monday, January 12, 2009 8:31 EDT
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The historic swings in oil prices last year were the result of financial speculation from Wall Street and not supply and demand. CBS’ Steve Kroft investigates.

This video is from CBS’ 60 Minutes, broadcast Jan. 12, 2009.



Download video via RawReplay.com

David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
 
 
 
 
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