WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA) issued the following statement following the unveiling of the Consumer-First Energy Act of 2008:

 

“Most Americans are feeling the pinch at the pump, and record high gas and diesel prices are contributing to our economic downturn.  While a lot of factors may be to blame for today’s out of control prices, I want to make sure that consumers are not being exploited.  Unfortunately some of my colleagues are dragging out tired, old proposals, like drilling in pristine public lands that will provide no relief for consumers.”

 

“We need a cop on the beat to patrol the markets for any illegal activity or manipulation and help ensure Americans are paying prices that are not just fair, but based on supply and demand fundamentals.  Just last week, I was pleased to announce the Federal Trade Commission was finally stepping up to begin policing oil and gas markets, using authority Congress granted them in a provision I authored to the 2007 Energy Bill.  Now it’s time for Congress to pursue vigilant oversight over these markets to ensure Americans aren’t the victims of a few rogue traders manipulating energy markets.  By taking these steps, we may be able to burst the energy price bubble that is dragging down our economy.”

 

 

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