WASHINGTON – President Obama on Tuesday urged Congress to help strengthen federal supervision of international oil markets, amid pressure from U.S. voters to take action on rising gasoline prices.
The president wants Congress to increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.
"Congress should do all of this right away," the president said Tuesday during a White House speech in the Rose Garden.
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1 comment:
Another program to spend money and use government to try and control the economy then to further display governmental incompetence - as with TARP, Cash for Clunkers, Wall Street Reform, the housing crisis, medical care .... and so on and so on. The sooner we can rid our country of this incompetent man and his sidekick idiot the sooner the country can start working its way back to the greatness it enjoyed for centuries.
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