Ag News
Feingold: Energy Market Oversight Included in Farm Bill
Published Thursday, May 08, 2008 at 04:50 AM
U.S. Senator Russ Feingold says new legislation providing oversight of energy markets will be included in the final Farm Bill. The Wisconsin Democrat says the initiative closes a loophole that has allowed oil and gas traders to make electronic energy trades without federal oversight, which has led to market manipulation and speculation.

Feingold says - energy market speculation has a lot to do with the price of gas and Congress must act immediately to close a loophole to ensure there is proper oversight of energy trading. Feingold says - we can not allow energy traders to secretively bid up the price of oil and saddle Americans with the price at the gas pump.

Feingold adds - if this energy loophole is not fixed we will not be able to determine if American consumers are paying a fair price for energy.

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