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Dingell introduces bill on oil speculation, energy market manipulation


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“For too long, energy markets have operated behind a veil of secrecy,” Dingell said. “I have dark suspicions about the effects that unchecked speculation and possible market manipulation are having on the price of crude oil and petroleum products. Given the record energy prices that are harming businesses, farmers, consumers, and our economy as a whole, Congress should act to determine the precise effects that manipulation and speculation are having on energy prices, and work to identify where there are gaps in regulation that allow this rampant speculation.” Rep. Dingell, Energy Committee Chairman introduces HR 6238 to provide for the establishment of an interagency working group to provide for better regulation over oil markets today, July 11, 2008. (click on link for full story...)
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