Dear S.O.S. Now Supporter,

 

The Senate today is negotiating amendments that could undermine proposed rules to stop oil speculation. Wall Street's greed has hurt our country long enough - do not let its lobbyists win this battle.  Please help keep energy prices affordable by telling your senators to reject any amendment that weakens limits on oil speculation.

 

Speculators exploit loopholes to manipulate oil prices and take advantage of consumers. This speculation has led to severe economic consequences and has dramatically raised the price of gas, food, heating, transportation and shipping.  In fact, a recent news article by Reuters reports that oil speculation has raised oil prices by $10 to $30 a barrel and
cost consumers more than $300 million a year.

 

This week, the Senate is debating a financial-reform bill that could stop this rampant speculation once and for all by closing loopholes, increasing transparency and limiting speculative activity in the oil markets. If passed, these strict measures will stop the casino mentality on Wall Street and help return fuel prices to reasonable levels.

 

Unfortunately, Wall Street lobbyists are using their financial power to push a series of amendments that weaken proposed oil speculation rules. The last thing we need is for Congress to surrender to Wall Street lobbying by creating even more loopholes. 

 

Please take just two minutes to tell your senators to reject any amendment that weakens rules on oil speculation. Your e-mail could play an important part in keeping energy prices affordable for years to come.

 

Together, we can help protect America's economic recovery.

 

Thank you,

 

The Coalition to Stop Oil Speculation Now