November 15, 2007
Maine oil dealers call for more regulation
Maine's oil dealers want the government to catch non-regulated traders in the energy market who they believe are inflating prices of crude oil and driving up the costs of heating oil, gasoline and diesel fuel.
The Maine Oil Dealers Association, which represents more than 450 members in the state, have linked with 70 other groups across the country to ask Congress to rein in traders slipping through the "Enron loophole," a provision passed in 2000 that allows trading on exchanges largely free from federal oversight, according to the Brunswick Times Record.
Meanwhile, Augusta politicians are saying the state will have to step up and help low-income Mainers with heating bills this winter by supplementing what they say is inadequate funding from the federal Low Income Home Energy Assistance Program.
The Maine Oil Dealers Association, which represents more than 450 members in the state, have linked with 70 other groups across the country to ask Congress to rein in traders slipping through the "Enron loophole," a provision passed in 2000 that allows trading on exchanges largely free from federal oversight, according to the Brunswick Times Record.
Meanwhile, Augusta politicians are saying the state will have to step up and help low-income Mainers with heating bills this winter by supplementing what they say is inadequate funding from the federal Low Income Home Energy Assistance Program.
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