Welcome to Slider's Dugout Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: CapitalistHogg™	10/8/2006 5:18:54 PM
	of 50291

<<I've been talking about the 'Enron loophole' for the last couple of months. This legislation, if passed, would shut down the loophole that caused most of this speculative mess to begin with!>> A coalition of chemical manufacturers and other industrial energy consumers is urging Congress to approve legislation that would give the Commodity Futures Trading Commission(CFTC) oversight authority over unregulated oil and natural gas futures markets . The legislation(S.2642.H.R.5248) would require energy traders , who electronically trade futures contracts in the US or on a foreign exchange , to keep records and report large trades to the CFTC . In a Sept. 25 letter to the Senate Agriculture Committee , the coalition-Industrial Energy Consumers of America-says the measure would help insure that oil and natural gas prices reflect supply and demand rather than market manipulation or excessive speculation . "IECA does not want to regulate energy markets or prices," the letter states , but it "does support stronger government oversight , transparency , and a level playing field ." -Chemical&Engineering News Oct.2,2006

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next