Protecting consumers from oil market manipulation

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Protecting consumers from oil market manipulation
from Obama 2012 Blog
Speaking in the White House Rose Garden today, President Obama outlined new steps his administration is taking to protect consumers from higher gas prices by cracking down on speculation and manipulation in oil markets:

We can’t afford a situation where speculators artificially manipulate markets by buying up oil, creating the perception of a shortage, and driving prices higher—only to flip the oil for a quick profit. We can’t afford a situation where some speculators can reap millions, while millions of American families get the short end of the stick. That’s not the way the market should work.

http://www.barackobama.com/news/protect ... nipulation