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Challenging Big Oil

Public Citizen testifies before Congress on how record oil company profits are partly due to anti-competitive practices in the industry, and that a windfall profits tax is one equitable method to direct more money to help finance a transition away from a fossil-fuel based economy and towards a sustainable, clean energy future. In addition, Public Citizen advocates the strengthening of energy trading markets in New York where the prices of oil and natural gas are set.

November 3, 2011 Testimony Before Subcommittee on Investigations, U.S. Senate Committee on Homeland Security & Government Affairs: "Excessive Speculation and Compliance with the Dodd-Frank Act."

July 29, 2009 Testimony Before the U.S. Commodity Futures Trading Commission: "Energy Position Limits and Hedge Exemptions." 

February 3, 2009 Testimony Before the U.S. House Committee on Agriculture: "Protecting Families From Another Energy Price Shock: Restoring Transparency and Regulation to Futures Markets To Keep The Speculators Honest."

 July 11, 2008 Testimony Before U.S. House Committee on Agriculture: "Reining in the Speculators: Amending the Commodity Exchange Act to Improve Transparency and Increase Disclosure."

May 6, 2008 Testimony Before the U.S. House of Representatives Committee on Transportation and Infrastructure, Subcommittee on Highways and Transit: “Hot Profits And Global Warming: Financial Firm and Oil Company Profits and Rising Diesel Fuel Costs in the Trucking Industry

February 1, 2006 Testimony Before the U.S. Senate Committee on the Judiciary: "Consolidation in the Energy Industry: Raising Prices at the Pump?"

September 21, 2005 Testimony Before U.S. Senate Committee on Commerce, Science & Transportation: "Causes and Solutions for America’s High Gasoline Prices"

September 14, 2005 Testimony Before the House Government Reform Subcommittee on Energy and Resources: "The Need for Stronger Regulation of U.S. Natural Gas Markets"


 

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