Senators Call for Emergency Action to Stop Price Spikes Caused by Oil Speculators
WASHINGTON, June 26 – Sen. Bernie Sanders (I-Vt.) today introduced legislation to make federal regulators invoke emergency powers to stop speculators from taking advantage of turmoil in Iraq to drive up oil prices and make motorists pay more for gasoline.
“I am getting tired of big oil companies and Wall Street speculators using Iraq as an excuse to pump up oil and gas prices,” said Sanders, a member of the Senate energy committee. “The fact is that high gasoline prices have less to do with supply and demand and more to do with Wall Street speculators driving prices up in the energy futures market.”



