Dingell Pushes Bill Targeting Market Speculation

Law360 (June 12, 2008, 12:00 AM EDT) -- In yet another attempt by lawmakers to zero in on exactly what factors may be contributing to skyrocketing oil prices, a leading U.S. House of Representatives Democrat has introduced a bill that would authorize the Secretary of Energy to create a task force to study the issue.

Rep. John D. Dingell (D-Mich.), chairman of the Committee on Energy and Commerce, said energy markets have been operating behind a veil of secrecy.

“I have dark suspicions about the effects that unchecked speculation and possible market manipulation are...
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