Stop the trading of crude oil on commodities markets for profit

  • by: Cares 2
  • recipient: J.P. Morgan, Goldman Sachs, Morgan Stanley, and Koch Brothers

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.   http://www.stopoilspeculators.com/ http://crooksandliars.com/susie-madrak/leaked-documents-name-names-hedge-fun
http://thinkprogress.org/economy/2011/04/13/153206/koch-industries-price-go
http://www.cbsnews.com/2100-18560_162-4707770.html?tag=contentMain;contentBody http://www.thenation.com/article/159078/will-federal-regulators-crack-down-oil-speculation
http://truth-2-power.com/2011/05/25/things-get-worse-with-koch-tea-party-pumps-up-4-gas/

We the undersigned
Want the price of oil related products to return to what they were before the Enron Loop Hole. When this opened up the trading of crude oil futures and it's killing the economy so you people make money. If you continue to this practice the econommy will fail. Crude oil products efect every thing from manufacturing to farming and power and transportation. 
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