Take Action Publications Press Room About Public Citizen Public Citizen Divisions Home
Search

For Keyword(s)
advanced search

Email Signup

Sign up for our free activist updates.

JOIN US! |Take Action | Publications | Contact Us
Printer friendly pageEmail to a friend

July 29, 2009

Testimony of Tyson Slocum, Director
Public Citizen’s Energy Program

Before the U.S. Commodity Futures Trading Commission
Energy Position Limits and Hedge Exemptions

My testimony today will describe how recent legislative and regulatory actions deregulated energy trading markets, which removed transparency and allowed powerful financial corporations to engage in harmful levels of speculation, resulting in higher and more volatile energy prices for families. Section 4(a) of the Commodity Exchange Act requires the CFTC to establish and maintain “position limits” on traders to prevent “sudden or unreasonable fluctuations or unwarranted changes” in commodity prices as a result of excessive speculation.

FULL TESTIMONY by Public Citizen.


more resources

 

Back to Publications Index>>



    » publications


Because Public Citizen does not accept funds from corporations, professional associations or government agencies, we can remain independent and follow the truth wherever it may lead. But that means we depend on the generosity of concerned citizens like you for the resources to fight on behalf of the public interest. If you would like to help us in our fight, click here.


Join | Contact PC | Contribute | Site Map | Careers/Internships| Privacy Statement.