U.S. Senator Bob Casey (D-PA) released the following statement in response to today's CFTC action on derivatives rules:
"Today the CFTC took a step in the right direction to combat speculation in the oil market," Senator Casey said. "Despite the recent decline in prices at the pump, speculation in the oil market represents a significant threat to middle class families. The CFTC must continue to move forward with efforts to prevent speculators on Wall Street from artificially increasing gas prices for middle class families in Pennsylvania and across the country."