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FIA statement on S. 3268, the Stop Excessive Energy Speculation Act of 2008

FIA statement on S. 3268, the Stop Excessive Energy Speculation Act of 2008

17 July 2008 6:00pm EDT

Washington, D.C.-July 17, 2008-The Futures Industry Association today released the following statement expressing its opposition to S. 3268, the bill titled "Stop Excessive Energy Speculation Act" that is now pending in the U.S. Senate.

The Futures Industry Association agrees with the judgment adopted in recent congressional testimony by Federal Reserve Chairman Ben Bernanke: speculation is not the cause of high energy prices. Many Americans are suffering from the increased cost of energy. A comprehensive national energy policy is essential to reduce that suffering.

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