Watching Our Water Ways

Environmental reporter Christopher Dunagan discusses the challenges of protecting Puget Sound and all things water-related.
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Posts Tagged ‘Senate Energy and Natural Resources Committee’

Controversy over oil speculation heats up again

Tuesday, April 17th, 2012

I can’t believe it’s been nearly four years since we’ve held a discussion on Water Ways about how commodities markets may affect the price of gasoline at the pump.

I guess I’ve been watching and waiting for something to happen. Well, a couple weeks ago, Washington Sen. Maria Cantwell began stirring the pot again.

Here’s what she said during a March 29 hearing of the Senate Energy and Natural Resources Committee:

“I definitely believe that we should get these asset class investors out of this market. Saying that we are going to allow a bunch of investors to treat the commodities market like they want to treat the rest of Wall Street from a securities and investment perspective I think is the wrong idea for commodities, something particularly as vital as gasoline.”

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"In the end, we will conserve only what we love, we will love only what we understand, and we will understand only what we are taught."Baba Dioum, Senegalese conservationist

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