Stop crude oil prices from being manipulated for profit

Stop crude oil prices from being manipulated for profit

The Issue

 These people have no respect for our economy all they are thinking is profit. They are manipulating the price of crude oil in the commodity futures market by purchasing large quantities of crude oil at low prices and storing it in leased tankers that sit off shore. By doing this it creates artificial demand for oil and makes the price go up. Our country is so dependent on oil products that this artificial inflation has blown the budgets of everyone from family to big business. The price of crude oil should be around $40 to $60 a barrel but is selling for as much as $150. This price adjusting even when the demand for oil is down has been ruining the economy of this country. The U.S Commodity Futures Trading Commission is the unit that police what they are doing but they don't seem to be doing their job. I have inc. many links with information that backs up my petition.

 

 

avatar of the starter
Kent GardnerPetition StarterI want to inform the public about what corporate america is tring to do to the average people in the name of profits.
This petition had 69 supporters

The Issue

 These people have no respect for our economy all they are thinking is profit. They are manipulating the price of crude oil in the commodity futures market by purchasing large quantities of crude oil at low prices and storing it in leased tankers that sit off shore. By doing this it creates artificial demand for oil and makes the price go up. Our country is so dependent on oil products that this artificial inflation has blown the budgets of everyone from family to big business. The price of crude oil should be around $40 to $60 a barrel but is selling for as much as $150. This price adjusting even when the demand for oil is down has been ruining the economy of this country. The U.S Commodity Futures Trading Commission is the unit that police what they are doing but they don't seem to be doing their job. I have inc. many links with information that backs up my petition.

 

 

avatar of the starter
Kent GardnerPetition StarterI want to inform the public about what corporate america is tring to do to the average people in the name of profits.

The Decision Makers

J.P. Morgan, Goldman Sachs, Morgan Stanley, and Koch Brothers
J.P. Morgan, Goldman Sachs, Morgan Stanley, and Koch Brothers
SIFMA and ISDA

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Petition created on August 15, 2011