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U.S. Senator Leaks Energy Trades

MONTPELIER, Vt., Aug. 22 (UPI) — Reactions were mixed to actions by a U.S. senator who revealed sensitive oil and natural gas trading activity in an attempt to dampen the impact of speculation.

U.S. Sen. Bernie Sanders, Ind-Vt., last week posted trading positions in oil and natural gas on his Web site to put pressure on speculation in the markets. When gasoline prices passed $4 per gallon in the United States and $10 per gallon in Europe early this year, some analysts said speculation was to blame.

When betting on futures in the commodity markets, the major financial players don’t need to exercise full disclosure.

A senior policy adviser to Sanders told London’s Financial Times newspaper on condition of anonymity that “all of this information should be transparent and open to the public.”

But John Damgard, an adviser at the Futures Industry Association, said that while market regulators need to know who’s doing what in the market, “disclosing that information to other traders will have a severely negative effect on their ability to collect the information necessary to oversee the markets.”

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  • s c

    First, if Sanders is an independent, true independents need to band together and prove to America that to them Sanders is a yo-yo twit who is no more an independent than Obummer. He’s an import from another state (New York, as I recall). He’s a SOCIALIST who should have been born 25 years earlier. He would have been an ideal FDR sycophant.
    Sanders is a wingnut space cadet who makes Vermont look bad on a regular basis. People like Sanders drool at the prospect of a planned economy. It didn’t work for FDR, and it won’t work for Obummer. Vermont, how can you get through the day with this poser, America-hating sludge puppy representing you?

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