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Lawmakers urge immediate action to curb excessive oil and gas speculation
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Commodities
Monday, March 12, 2012
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Speculative trading is driving up the cost of gasoline and the Commodity Futures Trading Commission is not doing enough to curb the excesses, lawmakers said in a letter to the CFTC on March 5. The letter, penned by Sen. Bernard Sanders, D-Vt., and signed by 72 lawmakers, calls for the immediate enactment of strong position limits in light of escalating gas prices. Read on for the details.
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