Whip Inflation Now?

[JCLibertarian]

How much of the rise in the price of oil do you believe is due to speculation and how much of that do you believe is due to monetary policy?

It's all the same, one enables the other. Investors wouldn't be able to bid up the price of commodities, thus driving up the price of consumer goods related to food and energy if the Federal Reserve didn't practice a cheap money policy.