What do money markets, antiques, gold, corn, wheat, and stocks in companies like Google or Apple have in common? They?re bought by speculators.
And yet speculators, especially in oil, have become the bogeyman of economics. On tomorrow?s I Spy Radio Show (11-noon, kykn.com), we talk with Dr. Daniel Fine about America?s energy resources and energy policy. What role do speculators have in the price of oil?
And find out why those who think high gas prices might hurt Obama?s re-election may be in for a big surprise.
* Listen live on the radio, Saturdays 11-noon (Pacific time) via 1430-AM in the greater Salem Area
(Corvallis to Tigard, Lyons to Grand Ronde)
* Listen live from anywhere in the world via kykn.com (11-noon on Saturdays) via the "listen live" tab up
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* Download the show after it airs. Just go to the Current Show page. The download link becomes active
shortly after noon each Saturday.
Dr. Daniel I. Fine works with the New Mexico Center for Energy Policy. He is a longtime research associate at the Mining and Minerals Resources Institute, MIT. Fine is also a policy adviser on nonconventional oil and gas. He is co-editor of Resource War in 3-D: Dependence, Diplomacy and Defense, and has contributed to Business Week, the Engineering and Mining Journal and the Washington Times. Fine has testified on strategic natural resources before the U.S. Senate committees on Foreign Affairs and Energy and Natural Resources. In this speech, he discusses ?Shale Gas Wars: From Pennsylvania to North Carolina.?