Speculative trading has been blamed for price spikes in energy and other commodities markets, but many economists point to growing demand from Asia as the real cause. Documents released in May to The Wall Street Journal revealed the argument that has been raging within the Commodity Futures Trading Commission (CFTC) about the causes of price volatility in energy and other commodities markets - and whether anything could be done about it. While CFTC chief Gary Gensler has made tackling speculative trading - what he and many politicians have argued is the major cause of price spikes - at the centre of his agenda since taking on his role last year, his plan has been dogged by opposition from both inside and outside his organisation.
展开▼
