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The US House of Representatives has passed legislation that directs the regulator to use its emergency authority to investigate and rein in speculators who politicians have blamed for soaring oil prices.
The measure allows the agency to use its...
“At the highest level of economic motivation for their actions and most generous interpretation of them, they are trying to influence prices in a way that benefits mankind and they should be considered heroes for it.”
John Lothian on speculators in the commodity markets.