News Columns & Blogs

A few U.S. senators get it on oil speculation

Very few of them, apparently, as this very informative Reuters piece illustrates.

Nonetheless, it’s somewhat heartening to those of us getting financially destroyed twice a week at the gas pumps to see that a few policymakers have grasped who the demolition groups are.

And it’s again useful to underscore that President Obama appointed a Goldman Sachs ex, Gary Gensler, to oversee the Commodity Futures Trading Commission, which has predictably – given Gensler’s pedigree – sat idly by thus far.