User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


55° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Franken Calls For Oil Speculation Regulation

March 21, 2012, 6:11 PM

Franken Calls For Oil Speculation Regulation
WASHINGTON -

All of the speculation about oil prices could be costing you more money at the pump.

A new report that says expert opinions add up to $0.56 per gallon.

A group of lawmakers, including Minnesota Senator Al Franken, says it needs to stop

"we think of this as an emergency. We think there is a dysfunction in the market right now.  And the dysfunction is that two-thirds of the market is oil speculators and that is a reverse of how it usually is," Senator Al Franken said.

Franken introduced legislation Wednesday calling on the Commodity Futures Trading Commission to take action and eliminate excessive speculation and unreasonable fluctuations within the next two weeks.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story


Events