Talks collapse on legislation to rein in oil speculators

07/24/2008 | Wall Street Journal, The

Democratic and Republican Senate leaders failed to reach an agreement on amendments to the oil-speculation bill regarding expansion of offshore drilling. Aides say that the outlook for the legislation is grim, unless lawmakers can quickly come to a compromise. The travel industry supports the bill, which could be revived after the August break.

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Wall Street Journal, The

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