The ever increasing price of fuel we are witnessing today is an anomaly. Despite demand being at a 10 year low and supply being at a 20 year high worldwide, the same players who have created significant volatility in the energy and agricultural markets over the past two years appear to be at it again. The following article explores what the US government is doing to regulate their commodities futures markets and protect their consumers. Over the coming days and weeks I want to start a dialogue on this issue and how Canada can ensure that our markets are equally responsive to supply and demand fundamentals that reward risk, discourages excessive price volatility and ultimately protects consumers in a sound market.
(And yes, Canada is part of the solution here)
Dan McTeague, MP