Obama wants energy speculator crackdown

iVillage Member
Registered: 03-19-2003
Obama wants energy speculator crackdown
6
Sun, 06-22-2008 - 5:47pm
Obama wants energy speculator crackdown


  • Story Highlights
  • Sen. Obama says he wants to strengthen government oversight of energy traders

  • Obama's plan was outlined by New Jersey Gov. Jon Corzine on Sunday

  • Obama blames traders in large part for the skyrocketing price of oil

  • Obama's campaign singled out the so-called "Enron loophole" for speculators

http://www.cnn.com/2008/POLITICS/06/22/obama.speculators.ap/index.html


iVillage Member
Registered: 04-10-2008
Sun, 06-22-2008 - 6:11pm
I think there needs to greater regulation.I believe that their have been a lot of meetings in the House and Senate about this very issue. I know there are valid reasons for gas prices BUT there are also companies taking advantage of the situation.
iVillage Member
Registered: 03-19-2003
Sun, 06-22-2008 - 7:10pm
But the US cannot control foreign speculators, so this law will be of little or no help to anyone.
iVillage Member
Registered: 04-02-2008
Sun, 06-22-2008 - 8:40pm
I like that he wants to cut oil consumption by 35% by 2030 but how is that going to happen?
iVillage Member
Registered: 04-10-2008
Sun, 06-22-2008 - 8:49pm

He can effect the stuff the oil companies here in America do. I believe all of the house congressional meetings over the last several months have been with CEO's of oil companies based here in America.I think something needs to be done and this has to be a step in the right direction. Maybe McCain has a better plan if so can I

iVillage Member
Registered: 04-10-2008
Sun, 06-22-2008 - 8:53pm

iVillage Member
Registered: 04-02-2008
Sun, 06-22-2008 - 8:57pm
22 years is not that far away and I would just like to know what his plan involves.