Philip McBride Johnson on dispute between the CFTC and FERC.
So, the Commodity Futures Trading Commission (CFTC) has
formally challenged a proceeding brought by the Federal Energy
Regulatory Commission (FERC) against an energy trader for
allegedly manipulating the price of energy futures contracts on
the New York Mercantile Exchange (NYMEX).
Some people will characterize this dispute as a simple "turf
war" between power-hungry government regulators and another
example of wasted tax dollars.
FERC's rationale appears to be that NYMEX futures
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