Rus News Journal

Obama has urged to struggle with manipulations in the fuel market

Barack Obama has urged the Congress to accept a number of the measures directed on struggle against gamble in the market of fuel. The plan presented by Obama on April, 17th assumes expansion of the staff, conducting supervision over transactions with futures for oil in the Commission on trade in commodity futures. The president suggests to increase the penalty for illegal manipulations in the market of fuel from one to ten millions dollars.

By Obama`s recognition, « any of these steps in itself will not lead to reduction of prices on gasoline to tomorrow`s morning ». But, in its opinion, these measures will prevent manipulations in the market and will serve as acknowledgement of that the government cares of interests of the American consumers.

Political opponents subjected time and again Obama`s Presidential Administration to the criticism for the high prices of fuel in the American market.

Political opponents subjected time and again Obama`s Presidential Administration to the criticism for the high prices of fuel in the American market. Average cost of gallon of gasoline in the USA - 3,9 dollars. During the election campaign this question lifted also Mitt Romni.

the plan presented by Obama was negatively estimated by leaders of republicans in both chambers of the Congress. According to the leader of republican minority in Senate Mitcha Makkonnella, Obama`s plan pursues only one aim - increase of popularity of the working president. « on refuellings it will not result in gasoline reduction of price » - has underlined Makkonnell. « the Political trick » named Obama`s plan the speaker of the House of Representatives of the Congress of the USA republican John Bejner. The president, according to Bejnera, and now has all necessary forces and means for struggle against manipulations in the fuel market.