Obama To Congress, Stop the Oil Speculators, Now!

President Obama,  challenged Congress Tuesday to pass legislation to ensure speculators aren’t manipulating energy 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,” Obama said during a Rose Garden speech Tuesday.
“We can't afford a situation where some speculators can reap millions, while millions of American families get the short end of the stick.”
Republicans who have battered the president over gas prices said Obama already had the tools to prevent manipulation and was merely playing politics with his plan.
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