The normally somnolent Federal Trade Commission has decided to scrutinize the price of oil. Typically, looking at the supply and price of oil often imported from OPEC nations is the job of the Commodities Future Trading Commission. 

But as the Wall Street Journal’s Siobhan Hughes reports, the energy bill that passed Congress in December granted the FTC the power to investigate oil-trading markets. Moreover, the commission might feel compelled to act with Congress ratcheting up its scrutiny of OPEC nations.  Read Hughes here.  MB

Comment RSS - Trackback URI