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This is a relatively new statute. it's not the issue of whether the oil companies got together in an anti-trust conspiracy to set pricing. this is about whether somebody, as i was saying before, created the image of an artificial shortage just to drive up price. and the reason why that law was passed is because we saw too much going on in our energy markets, something that's so critical to our economy, that we wanted to have a tougher regulation on the books. so this authority has been used in electricity and natural gas and a federal agency overseeing those entities have instigated over 107 c...

Contrivances as it relates to moving oil supply. this is a relatively new statute. it's not the issue of whether the oil companies got together in an anti-trust conspiracy to set pricing. this is about whether somebody, as i was saying before, created the image of an artificial shortage just to drive up price. and the reason why that law was passed is because we saw too much going on in our energy markets, something that's so critical to our economy, that we wanted to have a tougher regulation on the books. so this authority has been used in electricity and natural gas and a federal agency ove...

Wanted to have a tougher regulation on the books. so this authority has been used in electricity and natural gas and a federal agency overseeing those entities have instigated over 107 cases and have had hundreds of millions of dollars of fines against companies who have had bad practices. so we're asking that the ftc and doj to use the power that's in statute, although relatively new to do that kind of policing and to mr. mccullough in oregon, we couldn't thank him enough in the northwest. because when the federal entities in charge of electricity failed to investigate fully the enron case, m...

Does not understand refinery operations. his report contains many suspicions and theories but does not prove anything. let me get your response to the remark from the western states petroleum association. >> there's a lot to cover there. let me just say this. there's a new law on the books of the last few years that basically says that it is against the law to have any manipulative devices or contrivances as it relates to moving oil supply. this is a relatively new statute. it's not the issue of whether the oil companies got together in an anti-trust conspiracy to set pricing. this is about wh...

Business. the people he's indifferent to. he doesn't understand nor really respect what they do for a living. that's the consensus i got. >> or is that a reaction to somebody actually taking on some of the bad practices of big business? >> no. it is so universal from liberal ceos from conservative ceos, from democratic ceos, you hear it from every ceo you talk to. >> yeah. they're not -- >> small business people. it's one thing ceo jpmorgan, and ceo of procter & gamble, what about all the small businesses? those people don't feel the love either and that's a lot of voters, right? that's import...