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It used to be that oil futures could only be purchased by people who actually planned on using the oil that they bought. Deregulation allowed speculators to get in on the action. Now over half of what Americans pay at the pump goes straight into the pockets of Wall Street speculators that add nothing of value to the whole thing.

Neither party is talking about getting speculators out of the oil futures market.

Similarly, speculators are driving up the cost of homes.

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