Obama targets oil speculators: Is it just smoke and mirrors?

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Obama targets oil speculators: Is it just smoke and mirrors?

President Barack Obama, flanked by Treasury Secretary Timothy Geithner, left, and Attorney General Eric Holder, speaks in the Rose Garden at the White House in Washington, Tuesday, April 17, 2012, about a plan to increase oversight and crack down on manipulation in oil markets. (AP Photo/Carolyn Kaster)Obama raised the ante on his efforts to limit the rise in oil prices. The president, joined by Treasury Secretary Tim Geithner and Attorney General Eric Holder, called on Congress to adopt tougher rules on speculators in the oil market.