Oil speculation bill stalls in House

07/31/2008 | NYTimes.com · MarketWatch · Associated Press, The

The anti-speculation bill introduced in the House of Representatives did not garner enough votes to pass with a two-thirds majority. The bill was introduced with no amendments, despite Republican pressure to include an amendment allowing increased off-shore drilling. "This is too vital an issue to the entire economy for anyone to accept inaction," said James May, president and CEO of the Air Transport Associaton.

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NYTimes.com · MarketWatch · Associated Press, The

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