"Capitol Update" piece reporting that Sen. Olympia Snowe's (R-Maine) proposal to
"Capitol Update" piece reporting that Sen. Olympia Snowe's (R-Maine) proposal to regulate the oil trading market passed in the Senate, but the House refused to consider the measure. Snowe's measure would increase oversight of electronic over-the-counter trading of energy commodities, including oil, natural gas, coal and electricity. Rep. Tom Allen (D-Maine) said there is broad support in the House for reigning in the currently unregulated trading market. Rep. Mike Michaud (D-Maine) said the entire congressional delegation has heard from Maine truckers and the Maine Oil Dealers Association supporting re-regulating of the energy markers. He said they believe unregulated speculation is part of the reason energy prices are so high.
Petroleum industry and trade, Maine Oil Dealers Association
Leary, Mal, ""Capitol Update" piece reporting that Sen. Olympia Snowe's (R-Maine) proposal to" (2008). Maine News Index – MaineBiz. 4453.
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