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Feds seek to deter oil speculators

Published Friday, June 06, 2008

There has been a lot of debate of whether the high price of crude oil, currently hovering around $126 per gallon, is merely due to supply and demand or whether it is to some degree driven by speculation. The U.S. Commodity Futures Trading Commission (CFTC) has announced a number of initiatives that seek to make the energy futures markets more transparent, increasing the amount of information received from energy traders. “All Americans are significantly affected by high energy prices—whether it’s paying more at the pump, or higher costs for farmers and entrepreneurs,” said CFTC Acting ...

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