Joe Courtney actually said...

At that point it was about $115 a barrel. He said under oath in front of the Senate Committee that it should be $60-$70 a barrel. And he went on to say that it was speculation that is engineered by the high-frequency trading of quantitative hedge funds that explained this increase.

Context

Courtney references ExxonMobil's CEO's testimony on oil prices and speculation.

07/20/2011

https://congress.gov...

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