President Obama stood in the Rose Garden today to ask Congress to pass legislation to increase regulation of the oil market. Interestingly, the federal government already has the necessary tools to protect consumers from market manipulation.
Manufacturers, who use one-third of the all energy consumed in the U.S., would have preferred an announcement laying out a comprehensive energy plan that truly is an “all of the above” energy strategy that will lower energy costs and create jobs.
So manufacturers simply ask, instead of re-regulating what is already being regulated, when will the President put forward a comprehensive energy strategy?
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