Your next thought should be that the person uttering this phrase is challenged in terms of economics.
The Congressional leadership would like to find a scapegoat for energy prices. "Speculators" have been blamed for everything from the Great Depression to the housing bubble. But a fundamental understanding of futures markets – not to mention supply and demand – will help us cool our heads and temper our blame-laying. Indeed, if we look at the basic issue of supply (particularly in a lack of any real increase in domestic supply), the problem lies at the feet of those shouting the loudest about "speculators" on Capitol Hill.