Stung by gas prices, Obama seeks new oil market crackdown
Jeff Mason and Roberta RamptonWASHINGTON (Reuters) - U.S. President Barack Obama, whose political fortunes are threatened by rising gasoline prices, proposed new measures on Tuesday to reduce oil market manipulation that are unlikely to get support from a divided Congress.
Obama called on lawmakers to raise civil and criminal penalties on individuals and companies involved in manipulative practices.
He also pressed for more money to fund the agency charged with policing the markets to hire "more cops" for oversight and upgrade old technology.
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"Stung by gas prices, Obama seeks new oil market crackdown", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), avril 2012. Consulté le 29/11/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/stung-by-gas-prices-obama-seeks-new-oil-market-crackdown