Tuesday, July 28, 2009

To ease price swings, US may limit energy trading

Regulators weigh limits on energy futures trading as price swings hurt industries, consumers

"I believe we're going to do something," Bart Chilton, one of the four CFTC commissioners, said in a recent interview. "I would be extremely surprised if we don't take some action to set hard limits" on energy futures contracts held by speculators, as well as those in metals.

It's about time! Oil, yes...metals...whatever. What about food??

Read article here.

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