"Capitol Update" piece reporting that Sen. Olympia Snowe's (R-Maine) proposal to

Mal Leary

Source

Mainebiz

Date

1-14-2008

Pages

20-21

Abstract

"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.

Subjects

Petroleum industry and trade, Maine Oil Dealers Association

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