Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education organization working to improve the energy literacy of all sectors of our democracy.

Placing Limits on Energy Speculation? Government to Consider It

Placing limits on speculative energy trading may be in the near future for the government. This speculative trading, blamed for part of the market and price fluctuations in energy commodities like oil, could see caps imposed on energy futures contracts.

Chairman of the Commodity Futures Trading Commission Gary Gensler said that new authority could be used to limit the size of positions taken by speculative traders.

While futures prices are supposed to limit price volatility, the speculation surround them on the stock market is blamed for increasing price swings.

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Labels: economy, gas prices, oil prices, u.s. energy policy

posted by Amanda Voss at 12:01 PM

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