'Speculators are nothing but sophisticated investors'

Rep. Tom Feeney (R-Fla.), a House Judiciary Committee member, in an opening statement to a May 22 hearing by the committee's task force on competition policy and antitrust laws on retail gasoline prices and oil industry competition.

Rep. Tom Feeney (R-Fla.), a House Judiciary Committee member, in an opening statement to a May 22 hearing by the committee's task force on competition policy and antitrust laws on retail gasoline prices and oil industry competition:

"Speculators are nothing but sophisticated investors. They are watching Congress and betting we'll make the situation worse."

Contact Nick Snow at nicks@pennwell.com

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