Heating oil dealers want Congress to restore free market principles to commodities exchanges

摘要

Monte heating oil dealers buffeted by rising energy prices called on Congress on March March 4, 2008, to restore free-market principles to commodities exchanges, saying that perhaps trading should be suspended to allow Congress to put an end to rampant speculation and profiteering. "Energy prices are completely disconnected from market fundamentals like supply and demand," Shane Sweet, executive vice president of the New England Fuel Institute, said. "The energy market is now completely controlled by speculators and profiteers who have driven prices to artificial highs, and the fact is these artificially high energy prices are crippling consumers, businesses, the country, and quite possibly the global economy. Congress cannot allow this to continue."