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-LATEST NEWS Cont'd -

January 2008

“Oil Prices Detached form Demand in West”
By Neil King, Jr and Spencer Swartz
(Wall Street Journal, 1/15/2008, Subscription)

“Speculators bet on $200/barrel oil”
(Bloomberg News Service, 1/7/2008)

“Policing the Energy Markets”
(The Star Ledger, NJ, 1/6/2008)

“Who is to blame for Soaring Commodity Prices?”
By Dunstan Prial (Fox Business, 1/4/2008)

“Truckers Caught in Diesel-Fuel Pinch”
By Patricia Daddona (The Day, CT, 1/4/2008)

“OPEC: $100 Oil is due to Speculation, not Supply & Demand”
(Associated Press, 1/3/2008)

“Speculators to blame for $100 oil spike”
By Mohammed Aly Sergie (Emirates Business 24-7, 1/4/2008)

“Supply, Demand and (Maybe) Speculation Equal $100 Barrel”
By Michael Fletcher (Washington Post, 1/3/2008)

December 2007

“Fear, uncertainty plus falling dollar's worth driving oil up in volatile market”
By Nicole Maxwell (The Sun, 12/31/2007)

“Oil Traders Eye $100 Crude Next Year”
By John Wilen (Associated Press, 12/31/2007)

“Oil trade regulation delayed in House”
By Ml Leary (Bangor Daily News, 12/26/2007)

“Courtney: Energy Trading Needs More Oversight”
By Anthony Cronin (The Day, CT, 12/20/2007)

“Law Professor testifies on energy speculation before House committee”
By Judy Heiger (UMB News, 12/20/2007)

“Amaranth collapse continues to fascinate the markets”
By William Hutchings (DowJones/Financial Times, 12/19/2007)

“House committee boosts CFTCs authority”
By Dan Caterinicchia (Forbes, 12/12/2007)

“Statement of Carl Levin on ‘Enron Loophole’”
(Posted at AllAmericanPatriots.com, 12/14/2007)

“Senate votes to end farm debate, extend CEA”
By Charles Abbott (Reuters, 12/13/2007)

“Farmers warned market volatility will continue”
By Gary Truitt (HoosierAgToday, 12/13/2007)

“Senate ‘OKs’ close watch on energy markets”
By H. Josef Hebert (Associated Press, 12/13/2007)

“House Committee endorses broader CFTC oversight”
By Chris Doering (Reuters, 12/12/2007)

“Gasoline, Heating Oil expected to rise”
By Steve Gesli (MarketWatch, 12/11/2007)

“US Senate ramps up pressure for greater oil market regulation”
(Dow Jones Newswires, 12/11/2007)

“Regulators’ turf battles prompt talk about reform”
By Jeremy Grant (Financial Times, 12/5/2007)

“FERC reaffirms anti-manipulation powers”
(Pennnet.com, 12/4/2007)

“Truckers put blame on oil speculation”
By George Chappell (Bangor Daily News, 12/3/2007)

November 2007

“Close the Enron Loophole”
By Susan Ware (Waldo County Citizen, 11/30/2007)

“Investors, lawmakers keep eyes on energy,”
by Isabelle Clary (pionline.com, 11/12/2007)

“Senator [Levin] aims to end speculation,”
by Kenneth Hickson (Daily Iberian, [LA] 11/10/2007)

“Investment banks turn to energy trading,”
(AP, 11/9/2007)

“Maine Oil Dealers Urge Congress to Address Escalating Heating Oil and Gasoline Prices,”
(Maine Today, 11/7/2007)

“CFTC's Chilton Urges Closing of 'Enron Loophole,’”
by Christopher Faille (hedgeworld.com, 11/6/2007)

Price of oil a cold reality
By Lucas K. Murray,
November 5, 2007

“Oil’s Recent Rise Not as Familiar as it Looks”
By Steven Mufson, Washington Post, November 5, 2007

“Hot Commodity: Heating Oil Leans toward $3”
Burlington Free Press, November 4, 2007

“Feinstein, Cantwell, Wyden work to prevent price manipulation in energy markets”
Press Release, November 2, 2007

“Rep Welch Seeks to Stop Heating Oil Price Manipulation”
WCAZ-TV, Vermont, November 1, 2007

Rep.Welch’s bill shuts ‘Enron Loophole’ inflating heating fuel bills
Washington, DC Press Release – November 1, 2007

October 2007

Former BP Trader Agrees to $400K to Settle Charges of Attempted Manipulation of Gasoline Prices
CFTC Press Release – October 25, 2007

BP to pay more than $370 Million for alleged Environmental Crimes and Propane Manipulation
DOJ Press Release – October 25, 2007

NYMEX Praises CFTC Report Calling for New Oversight of Exempt Markets
PR Newswire – October 24, 2007

CFTC Recommends Legislative Changes to Regulation of Exempt Markets
CFTC Press Release - October 23, 2007

Energy Traders Avoid Scrutiny – As Commodities Market Grows, Oversight is Slight
By David Cho, Washington Post – October 21, 2007

First International Commodity Market Manipulation Conference
CFTC Press Release – October 15, 2007

September 2007

Senator aims to stop energy market manipulation
By Tom Doggett, Reuters – September 17, 2007

Senator Levin Introduces Bill to Close the Enron Loophole and Prevent Manipulation and Excessive Speculation in Energy Markets
Washington, DC Press Release – September 17, 2007

Energy Market Oversight Coalition Presses Congress for Greater Accountability in Energy Commodity Markets
EMOC Press Release - September 4, 2007

July 2007

CFTC Charges Hedge Fund Amaranth & Former Trade with Attempted Manipulation of Natural Gas Prices
CFTC Press Release – July 25, 2007

How traders gamble with your energy dollars
By James Collura for the Boston Globe – July 17, 2007

-FURTHER READING

“Trends in Energy Derivatives Markets Raise Questions about CFTC’s Oversight”
(October 2007, GAO)

“Excessive Speculation in the Natural Gas Market” (June/July 2007, Senate Permanent Subcommittee on Investigations)

“The Role of Market Speculation in Rising Oil & Gas Prices: A need to put the cop back on the beat”
(June 27, 2006 Senate Permanent Subcommittee on Investigations)

-ENERGY MARKET OVERSIGHT COALITION

Letter to Congress on need for market oversight, Sept 5. 2007

Letter to Senate in support of “Close the Enron Loophole Act”, Oct 25, 2007

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