Obama proposes steps to curb oil market manipulation

Facing heat for high gasoline prices, President Obama calls on Congress to provide more money for regulators and increase penalties for oil market manipulators.

WASHINGTON — Facing heat for high gasoline prices, President Obama tried to shift the focus to Congress, Republicans and energy traders, calling for legislation that he said would "put more cops on the beat" to crack down on potential manipulation of the oil market.

Source: http://feeds.latimes.com/~r/latimes/business/~3/NRacFd5vkPA/la-fi-obama-oil-20120418,0,5895743.story

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