End Oil Speculation Act of 2008 (Introduced in Senate)

July 3, 2008 at 8:02 am | Posted in government | 7 Comments
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Urge your representatives to support the End Oil Speculation Act of 2008, S 3183 IS

110th CONGRESS

2d Session

S. 3183

To amend the Commodity Exchange Act to provide oil and gas price relief by requiring the Commodity Futures Trading Commission to take action to end excessive speculation, and for other purposes.

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7 Comments »

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  1. Although I think this is a good idea in the short term, the price of oil and gas has put a lot of pressure on people to look to better alternatives, which in the long run is great. At some point we have to face the fact that oil is not a renewable resource, and sometime (in the near future) the supplies will be too thin for general public consumption.

  2. Sully, very true. But this bill will help keep a few from profiting from the misfortune of many. Besides, word on the street is the Oil Companies are buying their own stock..like they’re not screwing us enough.

  3. It’s about time. Watch closely who opposes it. Get ’em in Nov. if their up for re-election.

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