Ag News Links
More Ag News
 
Ag News
Chambliss Concerned with Plan to Address Speculation
Published Wednesday, July 23, 2008 at 04:48 AM
Ranking Member of the Senate Agriculture Committee Saxby Chambliss isn’t too thrilled with the plan to address energy speculation. Because the Ag Committee didn’t have a chance to review the Stop Excessive Energy Speculation Act before it was brought to the floor - Chambliss says many problems exist. He says there has not been an opportunity to fully explore the possibility that implementation of the bill could have negative impacts - and says factual data is lacking in the debate.

While Chambliss believes certain components of the bill - those designed to yield more transparency in the markets - are necessary - he says the language goes far beyond what he considers reasonable. According to Chambliss - a reasonable market oversight component could be developed as part of a bipartisan - comprehensive package. But he says the current approach is distracting the Senate from developing more reasonable and balanced legislation

© 2008 The Nebraska Rural Radio Association. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Page Sponsors
Nebraska Pork Producers Association
Encouraging the profitability and sustainability of Nebraska's producers of pork.
Central Nebraska Bobcat
Sales, Service and Rentals!
Dakota Mac Husker Ag Sales, Inc. KTIC Dodge Mfg Co Pathway Bank 08 Teammate Tailgate