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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-07-09 05:42 PM
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US may limit energy speculation (BBC_
A US regulator is to hold hearings to decide whether it should clamp down on speculation in the energy market.

The Commodity Futures Trading Commission (CFTC) imposes limits on trading positions in agricultural commodities but not on oil or gas.

Gary Gensler, who took over as CFTC chairman in May, wants to look into why commodities are treated differently.

The hearings are being seen as part of the Obama administration's attempts to stabilise financial markets.

They will take place in July and August.
***
more: http://news.bbc.co.uk/2/hi/business/8139434.stm
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charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-07-09 05:45 PM
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1. They impose limits on agricultural commodities?
Could've fooled me. Plenty of agricultural staples went over the moon in the past couple of years.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-07-09 05:49 PM
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2. Well, THAT Might be a Good Idea
No more grannies freezing in California to finance Enron speculation.
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stlsaxman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-07-09 05:51 PM
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3. Yes!
:headbang: -"About fuckin' time!!!"
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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-07-09 05:58 PM
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4. Energy speculators gave us $4+ gasoline and drove the economy into deep recession
regulate the shit out o' them
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