Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007 #535819-00078

Submission Number:
535819-00078
Commenter:
Thomas Herndon
Organization:
Retired Ordinary Person
State:
CA
Initiative Name:
Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007

FTC, It is hard to believe that there is a legal reason for the oil prices to rise to this price per barrel over night like it has. No one in their right mind would believe this. Even more to the fact that the American Oil Companies would try to white out their profits in the name of Research. There has been a research for different fuels for years, this is not new news now. The Electric Car, Solar Powered Car is just 2 of the Autos that have been used for years, this is not new news either. I have before I retired used an electric car of sorts during my employment for years and when I play golf, (electric golf cart). Even see them in shopping store parking lots. What would be enough for foreign oil producing nations to live on in the style that they feel would satisfy their needs. I some how do not feel that just the Oil Companies are fixing prices but the foreign nations are, by the way the prices are. By the way, I retired from the aircraft industry after 34 years. I have seen a very big price increase just in that industry.