[debby]

	Quote:
	And he will support legislation directing the CFTC to investigate whether additional regulation is necessary to eliminate excessive speculation in U.S. commodities markets, including higher margin requirements and position limits for institutional investors.

There is no way to stop speculation when it's done on foreign soil.

	Quote:
	Currently, about 30 percent of U.S. oil futures trades fly below the regulatory radar because they are transacted on a U.S. exchange that works through a subsidiary in London. Similar arrangements are being pursued by U.S. exchanges in partnership with Dubai as well. Barack Obama would limit the price impacts of excessive speculation by preventing traders of U.S. crude oil from routing their transactions through off-shore markets in order to evade speculation limits and also impose reporting requirements.

If our government continues to tax the oil compainies they will only pass on the price to consumers. Which is what Obama wants to do.

	Quote:
	Senator Obama’s speculation plan is part of his broader strategy to provide immediate relief from high gas prices while investing in a better energy future: Ø Enact a Windfall Profits Tax on the Top Grossing Oil Companies and Ease the Burden on American Families: Barack Obama recognizes that it is critical that oil companies and shareholders have strong incentives to run well managed businesses that invest in efficiency and innovation. However, a significant share of the remarkable profits currently enjoyed by big oil companies has not resulted from their foresight, efficiency or innovation. Barack Obama supports imposing a windfall profits penalty on oil selling at or over $80 per barrel. Revenue from the proposal will be invested in a number of mechanisms to reduce the burden of rising prices, such as expanding resources for the federal Weatherization Assistance Program, increasing federal support for state and local-level efforts to relieve the burden of rising energy prices on low and moderate-income families, and helping permanently expand the Low Income Home Energy Assistance Program, which helps families pay their heating and cooling bills. Obama will couple these investments with his plan to invest in job training initiatives that will help more Americans enter the growing energy efficiency jobs sector, a good-paying field that cannot be outsourced.

Investigate What???
This site shows all they need to know about what to do. JUST DO IT!!!

	Quote:
	Independent experts agree that excessive speculation is elevating oil prices:

We know what's making prices higher. What needs to be done now is "Do something!" Investigating is just going to cost taxpayers more hard earned money.
And how can a government tell investors how much or who they can invest in. It's just not the American way.
Obama's plan to tax is typical of Democrates. It's just not American to tax Americans for making money. If anyone should be punished it's those who speculated and made the price so over inflated. Oil compaines have a right to make money. It's their business. In the past I thought it was their fault. I was wrong. Even this site shows it's speculation not the oil compaines fault.
It will not work!