In a letter to the CFTC, a group of 17 Senators demand a crack down on speculation in the energy...

|By:, SA News Editor

In a letter to the CFTC, a group of 17 Senators demand a crack down on speculation in the energy markets. "The wild fluctuation could only be the result of rampant oil speculation, plain and simple," says Ron Wyden. It's unknown if a copy of the letter was sent to the Fed whose near 0% rates let speculative positions be financed for next to nothing.