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Financial speculators can drive up the price of gasoline, diesel, heating oil and jet fuel by buying and selling these and other commodities with no intention of ever using them. The Stop Oil Speculation Now Coalition consists of organizations, companies and concerned Americans who want energy markets to function efficiently based on supply and demand fundamentals instead of profiteering strategies. Together we can stamp out excessive speculation and protect America’s economic recovery. | |
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| What the Experts Say ... | |
"“[It is now costing drivers] more than $750 a year going directly from your wallet or pocketbook to the Wall Street speculators.”" | | Senator Bernie Sanders (I-VT), U.S. Senate,
02/28/2012
CNN | | [More Quotes] |
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| 5/2/2012
Sherrod Brown says excessive oil speculation is driving gas prices, perhaps by 56 cents a gallon | | Politifact |
| | 4/26/2012
CFTC May Continue CEA Suit Alleging Oil Price Manipulation | | BNA |
| | | | 4/9/2012
Consumer Federation of America: The American consumer is paying 75 cents more per gallon because of excessive speculation | | The Fiscal Times |
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