REFINERS: OIL MARKET MANIPULATION IS NOT THE MAIN CAUSE OF HIGH FUEL PRICES

摘要

American Fuel & PetrochemicalManufacturers President Charles T. Drevna issued the following statement in response to President Obama's plan to increase oversight and crack down on alleged manipulation in oil markets:To the extent that there is any manipulation in the marketplace, the government should investigate and take corrective actions. Historical data shows speculators are not the primary force impacting prices at the pump. In fact, U.S. refiners count on financial markets to hedge against potentially higher crude oil costs, which work to prevent consumer costs from increasing further.