"There's a danger if people say, 'Oh, it's the speculators.' We don't want to misdiagnose the problem." Bush Assministration Treasury Secretary Henry "Daddy Warbucks" Paulson trying to pooh-pooh the question of whether the oil price run up is due to speculators (an estimated 60% of the current price of crude oil has been attributed to commodities market speculators). Multimillionaire Paulson was speaking at the G-8 economic summit yesterday, and is the former Chairman and CEO of Goldman Sachs, a prominent investment bank heavily involved in... you're way ahead of me... the oil speculation market.
Photo: Paulson with ear muffs especially designed to keep him from hearing "Oh, it's the speculators, all right!"
