The Energy ETF Blame Game

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The Energy ETF Blame Game

By David Bettencourt on August 6, 2009 | More Posts By David Bettencourt | Author's Website

The last day of CFTC hearings found two well-known managers of funds, that invest heavily in energy commodities, telling regulators not to set limits.

Leading the charge was billionaire hedgefund manager John Arnold who calls hedge exemptions a pandoras box. John Hyland who leads United States Commodity Funds, the provider of the popular United States Oil Fund, LP (USO), and United States Natural Gas Fund, LP (UNG), said the spike in prices last year was not the result of tracking funds.

Scott Burns from Morningstar and Paul Cicio from Industrial Energy Consumers of America weigh in on the issue.

See the video below:

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