Skip to main content


April 17, 2012

Oil Prices Could Become More Volatile Under Obama Plan

“President Obama’s proposal to clamp down on oil speculation would give the federal government a direct role in how energy markets function and could actually make prices more volatile, analysts say.”

“The president, under pressure from rising gasoline prices,  announced a $52 million plan Tuesday to strengthen federal supervision of oil markets, including forcing traders to put up more money when they bet on the direction of oil prices.”

“’Wall Street pours hundreds of billions of dollars into the commodity markets every month to speculate and that is causing prices to jump,’” Dennis Kelleher, president of Better Markets, a non-profit group that lobbies for more financial regulation, told in an email. “Until Wall Street index fund speculation is stopped, no one is being serious about stopping rising oil and gas prices.’”


Read full CNBC article here.


In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today