Commodity speculators can push prices up for sure. But they are also huge markets where most buyer/sellers actually intend to use the product. On top of that,

Commodity speculators can push prices up for sure. But they are also huge markets where most buyer/sellers actually intend to use the product. On top of that, global inflation was already pushing up price of most commodities (excess goods spending due to govt stimulus, among other things, such as substitution). Oil is a much more dire situation, as demand is increasing faster than structural supply. Higher oil does push people towards renewables, but at large cost to the poor. Also acts as multiplier to pretty much all other goods production.