Thursday, July 12, 2007

Levin ain't playin' Patty Cake

If you don't have the wires, Energy Roundup has a synopsis of the real story in the energy complex, CFTC Investigating Energy-Market Manipulation . It's a big deal.
We touched on part of the investigation in this post:

EXCESSIVE SPECULATION IN THE NATURAL GAS MARKET

If prices come down for any length of time, as the result of the Senate Subcommittee on Investigations efforts, it would remove one of the props under alt-energy in general and ethanol in particular.

Here's last year's report on oil:
THE ROLE OF MARKET SPECULATION IN RISING OIL AND GAS PRICES: A NEED TO PUT THE COP BACK ON THE BEAT