stop oil speculation NOW
30-Jul-2009
stop oil speculation NOW -
Join the Cause!
Are you sick of high Heating Oil prices? Fred Fuller Oil Company is!!!! Here is your chance for your voice to be heard. We need to take a stand and send letters to Congress calling for an end to
speculation-driven energy prices that have resulted from loopholes in
federal law and regulation (such as the "Enron Loophole"). These loopholes have freed certain Wall Street energy trading from oversight, accountability and the rule of law.
Many market experts and academics agree... excessive speculation
and "dark market" energy trading was a leading factor in the
commodities bubble of 2008, that it played a role in the economic
collapse we witnessed last year, and that it continues to distort
supply and demand fundamentals in the energy markets. Furthermore,
some warn that another speculative bubble similar to last year's could
cripple the U.S. economy and vital industries, and prevent
a much-needed economic recovery.
Unfortunately, most loopholes that allow speculators to dominate
the market are still on the books. Thankfully, we now have a champion
for reform in Gary Gensler, the new Chairman of the Commodity Futures
Trading Commission (the federal agency responsible for regulating
energy trading). Chairman Gensler and his fellow Commissioners held
hearings this week on whether or not to propose new rules to prohibit
speculators from cornering the market and manipulating prices.
But in order regulate all trading activity, Congress must pass meaningful reform of commodities trading and give the Commission the tools he needs to get the job done.
The organizers of the original "Close the Enron Loophole" campaign and
members of the Commodity Markets Oversight Coalition (an alliance of
business, industry and consumer groups calling for commodity trading
reform) need your help!
Please take a moment and join in this effort, Stop Oil Speculation Now (or "SOS Now") by clicking the below link. Send a message to your members of Congress and sign up for alerts.
Thank you... our success depends on you!
Fred Fuller Oil Company
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