July 19, 2010
By Roberta Rampton
Passage of the new U.S. financial reform law is set to revive a bitter debate over curbs on speculation proposed by the Commodity Futures Trading Commission.
In January, the CFTC released a proposal for position limits in crude, natural gas, gasoline and heating oil futures markets, responding to complaints from consumers and energy users in the wake of record-high prices seen in 2008. The proposal unleashed a furious reaction from companies that trade the markets for profit, who said the CFTC overstepped its authority…
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Last Updated: August 5, 2010