Eugene David<br>...The One-Minute Pundit

If "vast and impersonal forces" are raising the price of oil why has it gone up so much in the last six months, especially when this "peak oil" business was surely known for years and years?

And what is the practical difference between speculation and "market psychology"? I don't see any; they work for the same purpose of creating panics, and both have the same malevolent streak.

And yes, maybe we are looking for a scapegoat, and yes, it's a cheap and easy thing, but somebody's trading, and somebody's selling, and somebody's buying or not buying, and these vast impersonal forces ultimately comprise FLESH-AND-BLOOD PEOPLE. One may as well say vast impersonal forces brought on Communism and Hitler.

Meantime our economy's tanking and nobody seems to be doing a damned thing about it, except posturing.

I wish some high-powered pundits would stop thinking they can EXPLAIN things.

"It's most important for Congress to stop blaming everyone for oil prices -- from big oil to OPEC to speculators, and really get down to the fundamentals of the market, which is about dramatically reducing demand in the U.S. and the world for oil, increasing supply, driving alternatives into the market," said Robbie Diamond, director of the think tank Securing America's Energy Future.

WHEN?!?!?