Obama To Pitch $52m Plan To Regulate Oil Markets

Barack Obama

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.

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Topics:  barack obama   congress   energy   gas   gas prices   oil   oil speculation   speculators   
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