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Pension funds may be driving up oil

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Merlin Dewing | 11:15 a.m. July 3, 2008
The only people that can "drive the price up" are those that take possession or plan to take possession of the commodity. Washington doesn't want to research this issue deeply enough to find answers because they get more credit for "populist' responses even if they are inaccurate or lead to bad legislation. A recent issue of the "Economist" had a very balanced (I thought ) piece on the price of oil.

But who wants to read something that is realistic? ?

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Mary Altaffer, Associated Press

Traders work the crude oil options pit at the New York Mercantile Exchange Friday.

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