Mark Warner Calls for Restraining Oil Price Speculators
U.S. Senate candidate Mark Warner issued a package of proposed energy solutions yesterday that had at the top of his list a “clamp down on market speculators who have artificially driven up the price of oil on foreign based markets, out of reach of U.S. regulators.” Warner, former governor of Virginia, becomes one of the first political leaders to focus on the role of speculation on oil futures as a prime cause of the recent spike in the cost of oil, and its consequences for gas prices at the pump. Warner’s plan includes a total of 10 points, calling for measures to increase supply, reduce demand and develop alternatives.
