03/09/2011
https://www.congress.gov...
"Our hearings gathered compelling evidence that excessive speculation in futures markets was a significant factor pushing up oil and agricultural commodity prices."
"To combat the effect that speculation has in our oil and agricultural commodity markets, I have introduced the Commodity Speculation Reform Act."
"I personally believe that while I commend the Commission for looking at regulatory reforms, we also need to legislate in this area."
"The data and analysis they have presented make another compelling case that excessive speculation has caused our commodity markets to become unmoored from those who actually make their livelihoods usi..."