CFTC welcomes contradictory information
Rep. Tim Holden (R-Pa.) asks Acting Chairman Walter Lukken of the Commodity Futures Trading Commission (CFTC) if the CFTC has analyzed claims concerning what percentage of oil prices are due to speculation. Lukken responds that the CFTC’s economic staff does not know which economic models are being used in these studies and that nobody at the CFTC has found information supports these statements. (0:48)
June 24, 2008
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