User:PatrickFlaherty/London loophole

__NOINDEX__ The London loophole is a term that describes the act of United States based energy commodity traders buying energy commodities in London, UK to avoid scrutiny by the Commodity Futures Trading Commission. Energy speculation is prohibt in the United States and (CFTC) has the same authority to detect, prevent, and punish manipulation and excessive speculation for traders in the United States who trade crude U.S. oil or other energy commodities on foreign commodity exchanges as the CFTC has for traders who trade on U.S. exchanges.

H. R. 6284 S 3129

http://www.ft.com/cms/s/0/b962d938-3716-11dd-bc1c-0000779fd2ac.html http://www.ft.com/cms/s/0/99c02980-4127-11dd-9661-0000779fd2ac.html http://levin.senate.gov/newsroom/release.cfm?id=299105