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President Obama is targeting oil speculators, but are they the problem? President Obama is saying that he is going to make it more expensive to speculate in the oil market. While this action may take some speculators out of the oil market, will it help reduce the price of oil and ultimately gas at the pump for consumers? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to examine the real impact of Obama’s push to reduce the price of oil.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: financial advisor, gas, obama, oil, oil market, oil speculators, performance, portfolio, president obama, price of gas, sharpe ratio, wealth manager