Transcript

Energy Markets Advisory Committee Meeting, June 10, 2008

Industry Participants to Provide Views on Key Energy Issues, Including Index Trading and Energy Trading on Foreign Boards of Trade

The Commodity Futures Trading Commission (CFTC or Commission) will convene the first meeting of its Energy Markets Advisory Committee on Tuesday, June 10, 2008, to receive input from a variety of sources on key energy market issues. The Committee, which includes a wide-range of representatives of energy industry participants, will focus on the issue of transparency in the energy markets, and will include discussions on the role of index trading and energy trading on foreign boards of trade.

“In these extraordinary times for the commodity markets, the Commission is eager to learn from this knowledgeable group, comprised of a cross section of those who use and are affected by the markets, on the important issues of market transparency and index trading” said CFTC Acting Chairman Walter L. Lukken. “The insight the Commission will gain from this new Committee, and from the agency’s own recent initiatives in the energy markets, will better prepare the Commission as it continues its critical oversight function of these growing and evolving markets.”

The CFTC’s Division of Market Oversight will present an update on the energy markets and recent Commission initiatives. In addition, several Committee members are expected to present their views on the issue of index trading.

The Committee includes a variety of representatives of energy industry participants and the Commission has invited staff from the Congressional Research Service, Department of Energy, Federal Energy Regulatory Commission, and the Federal Trade Commission to attend as observers.

The meeting is open to the public. The meeting will be webcast via the internet and audio of the hearing is also available via a listen-only conference call.