Rep. Welch urges CFTC to tackle speculation in energy market:

01/18/2011 |

Rep. Peter Welch, D-Vt., sent a letter to the Commodity Futures Trading Commission urging the agency to crack down on speculation in the oil and commodity markets. The Dodd-Frank Act directs the CFTC to implement rules limiting such speculation. "What we've seen is a huge push by special interest groups to delay the implementation of these rules and an attempt to diminish the law's impact," Welch wrote. "Until these rules are fully implemented, consumers will continue to be at mercy of energy market gamblers."

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