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Obama proposal would rein in oil speculation

By: Yossel in TT | Recommend this post (0)
Tue, 17 Apr 12 8:37 PM | 106 view(s)
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Obama proposal would rein in oil speculation

Jessica Yellin,
CNN Chief White House Correspondent

Updated 11:33 AM EDT,
Tue April 17, 2012

Prices posted at a gas station in downtown Los Angeles, California, on March 16, 2012.

STORY HIGHLIGHTS

$52 million measure would increase supervision of oil markets

Regulators could force traders to put their own money into trades

Effort likely to be seen as a political move to draw contrasts with GOP

White House is blaming Wall Street for high gas prices

link-
http://www.cnn.com/2012/04/17/politics/obama-oil-speculation/index.html

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