"Capitol Update" piece reporting that U.S. Sen. Olympia Snowe (R-Maine) has join
"Capitol Update" piece reporting that U.S. Sen. Olympia Snowe (R-Maine) has joined a bipartisan commission launching legislation to increase oversight of electronic trading of energy commodities. Snowe is convinced that some of the price increases in energy costs, particularly in the oil and gas markets, have been the result of "price manipulation" by brokers. Snowe said the legislation is an attempt to undo language Enron and other large energy traders convinced lawmakers to add to the Commodity Futures Modernization Act of 2000. Prior to 2000, U.S. energy futures were traded exclusively on regulated markets, but has since moved to unregulated electronic markets.
Energy, Energy supply, Snowe, Olympia J
Leary, Mal, ""Capitol Update" piece reporting that U.S. Sen. Olympia Snowe (R-Maine) has join" (2007). Maine News Index – MaineBiz. 4057.