Crackdown on 'Speculators' Won't Work

Those pesky oil speculators. If only we could rein them in by making it more expensive to bet on oil prices. If only regulators had the firepower to track down market manipulators and impose tougher penalties on those they caught. The price of oil would surely drop, right? If only it were that easy. One thing about the oil market: It is not prone to simple solutions.