Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007 #535819-00096

Submission Number:
535819-00096
Commenter:
Jerry LeCompte
State:
TX
Initiative Name:
Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007

Oil producers in the United States are benefiting from the production quotas set by cartels outside of the U.S. Prices are manipulated as the cartels see fit. This is illegal in the U.S. With this in consideration U.S. produced oil prices should be held at a reasonable return on the cost of production.