Stupak’s retirement to leave void on energy market oversight

Stupak used his perch as chairman of the Subcommittee on Oversight and Investigations to probe what he has long maintained is upward pressure on oil prices resulting from market speculation.

Stupak also believes regulators need more power to clamp down on manipulation of various energy markets.

Last year, he won provisions in the climate change and energy bill the House approved that expand market regulation, including a measure to provide FERC so-called cease-and-desist power to quickly halt abuses in energy and carbon markets.