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alternative energy

July 17, 2008 - 12:48pm

Brown makes moves on energy issue

By David DeWitt
Category: Local
Tags: Sherrod Brown, Renewable Energy, energy, gas, alternative energy, oil

America's energy problems have become a highlighted campaign issue over the past several weeks. When both presidential campaigns came to Ohio last week, Republican and Democrats alike held press conference calls to tussle over the energy issue.

One aspect that has been brought up to help solve the energy problem is cracking down on speculators, who may be artificially driving up the price of oil.

Sen. Sherrod Brown (D-Lorain County) co-sponsored legislation this week designed to do just that.

Brown announced Thursday that he is a co-sponsor of the "Stop Excessive Energy Speculation Act of 2008." This legislation would give the federal regulator of futures markets the resources to detect, prevent, and punish price manipulation and excessive speculation.

"We need to provide immediate relief to consumers struggling with high energy costs," Brown said in a statement. "Instead of sound bite solutions, we must act to lower gas prices now. We need to put Ohio families ahead of oil speculators. Going after excessive speculation would bring immediate relief to American consumers."

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