She’s right. Only regulating speculation of oil as a commodity will, or taking it off the US market altogether.
I bet you that if Obama was not in power most of the speculation and risk would dry up.
Well, part of what is encouraging the speculation is that the government is blocking new drilling.
If there were a change in the general attitude towards oil drilling, that would also change the minds of the speculators.
It is true, though, that there is no shortage of oil...only of oil contracts.
You forget that they are speculating on the instability of the Mideast. If the US provided a large portion of it’s own energy, say 90% instead of 45%, then the speculators would care less about what is happening in the Mideast as the value of their oil would be less.