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May 14, 2008 12:13:16 AM CDT

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Speculation Not Driving Boom in Commodities  

Posted May 8, 08 4:29 PM CDT in Business    Editor's Choice

(newser) – A majority of economists think the upswing in food and energy prices is due to fundamental issues of supply and demand—and not driven by speculation, a Wall Street Journal survey finds; 51% pegged demand from China and India as the chief cause of the oil boom.

An additional 15% think supply issues are driving the oil boom. On food, 60% say that either supply problems or booming demand is driving prices up. By contrast, only 11% think either commodity's price rise is attributable to a speculative bubble.

Source Wall Street Journal

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China  • India  • oil prices  • food prices  • investors  • oil production  • speculation  • economist


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