Oil Price Speculation

A hearing was held to examine whether market speculation is inflating the price of crude oil above underlying supply and demand, and… read more

A hearing was held to examine whether market speculation is inflating the price of crude oil above underlying supply and demand, and whether Congress needs to improve regulatory oversight to stop price manipulation.

The hearing included four witness panels. Energy experts testifying in the first panel said that the price of oil would drop if limits were placed on energy commodity futures investments. Executives from the transportation industry testified in the second panel. Walter Lukken, acting chairman and commissioner of the U.S. Commodity Trading Commission testified in the third panel. The fourth panel consisted of futures exchange representatives.

The members' opening statements are available in program 206134-2. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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  • Fadel Gheit Managing Dir. & Sr. Office CIBC World Markets
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Oil Price Speculation

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Program ID:
206134-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Jun 23, 2008
Last Aired:
Jun 29, 2008

Airing Details

  • Jun 23, 2008 | 11:46am EDT | C-SPAN 1
  • Jun 23, 2008 | 12:42pm EDT | C-SPAN 1
  • Jun 23, 2008 | 2:04pm EDT | C-SPAN 3
  • Jun 23, 2008 | 9:54pm EDT | C-SPAN 1
  • Jun 26, 2008 | 3:16am EDT | C-SPAN 1
  • Jun 27, 2008 | 1:05pm EDT | C-SPAN 3
  • Jun 29, 2008 | 2:52pm EDT | C-SPAN 1
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