Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007 #535819-00114

Submission Number:
535819-00114
Commenter:
Daryl Simon
State:
MN
Initiative Name:
Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007

For the most part, everything( food , agriculture , transportatoon, packaging, jobs, utilities, etc) all rely on energy. They reason this country and many others are struggling is because of oil prices. Maybe energy supplies should be regulated as esentual, just as some employes are required to work because of the job they have and cannot strike for more pay. WE need to drill for more oil here, and build more refineries while at the same time, fund alternative forms of energy development. The speculators need to be rained in. They are speculating and driving up prices. They arn't running prices up without making lots of money in the process. Oil prices tripple in one year, did the world tripple the number of cars and factories in one year? It all gets back to the speculators. Also, why is it that the price at the pump go's up on gas that is already in the tank at the station when the price per barrel go's up, but dosn't fall when the price per barrel go's down. The law of supply and demand cannot work when there are so few controling players in the game.