The Commodity Futures Trading Commission of the U.S. Federal Government is holding hearings today and tomorrow on "Energy Postion Limits and Hedge Expectations".
The $64,000 question is whether any limits will be imposed on speculative trading of energy futures contracts which are supposed to suppress price volatility though speculators do use them to bet on market prices. Critics, on the other hand, suggest this magnifies price swings.
We'll be following along to see where the chips do fall.
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