CFTC to consider position limits on energy futures contracts

Michael Giberson The chairman of the Commodity Futures Trading Commission, Gary Gensler, has announced that the agency will hold a series of meetings in July and August to consider how it can use its existing statutory authority to “ensure the fair, open and efficient functioning of futures markets.” The first of the meetings will focus … More CFTC to consider position limits on energy futures contracts

Onions, oil, speculators, congress

Michael Giberson From Platts Power Line blog, a discussion of the 1958 law banning of futures trading in onions and suggestions that Congress should contemplate the lessons from that experience before it gets too exciting about clamping down on speculation in energy commodities. The ban on onion futures trading, introduced by freshman congressman Gerald Ford … More Onions, oil, speculators, congress