US energy speculation investigation begins anew
The latest effort by the US government to investigate the impact of speculation on oil prices has been met with cynicism by market participants. Pauline McCallion reports
Oil price speculation has resurfaced near the top of the US political agenda in recent weeks as gasoline prices flirt yet again with $4 per gallon – a key psychological price point for consumers at the pump.
In response to a call to action in March from President Barack Obama, US attorney general Eric Holder announced the creation of an oil & gas price fraud working group. It will include representatives from the Commodity Futures Trading Commission, the Federal Trade Commission and the
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