Stop Oil Speculation that Drives Up Gas Prices

The first of three nominees to a board that regulates oil and gas markets was confirmed Tuesday on a narrow 48-46 Senate vote. Sen. Bernie Sanders voted no  on the nomination of Sharon Y. Bowen to a seat on the Commodity Futures Trading Commission. Moments later, the two other nominees were confirmed by voice votes. Sanders issued a statement explaining his opposition to all three Wall Street-connected nominees. “We need regulators who will have the courage to stop the largest Wall Street banks in this country from driving up oil prices in the energy futures market.  After reviewing her record and those of two other nominees, I am afraid that none of them will make sure that the price of gasoline and heating oil is based on supply and demand and not Wall Street greed.”