Dorgan jumping energy hurdles

Sen. Byron Dorgan (D-N.D.) says speculation is the cause of high oil prices, stating that solving excess oil speculation is the first hurdle in the United States’ quest for energy independence and that the market is currently “infested with excess speculation.” (0:54)
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Sen. Klobuchar says oil market a casino without rules

Sen. Amy Klobuchar (D-Minn.) says there is no way to explain why gas has increased 25 percent in six months, noting that American demand has decreased and that a number of oil executives have said oil prices should be much lower given physical demand in the market. She quoted an expert who called the oil market “a gaming hall” and a “casino without rules.” (1:01)
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Dorgan taking first step in energy crisis

Sen. Byron Dorgan (D-N.D.) says some claim that there is a competition between ending oil speculation and drilling, reassuring that the Stop Excess Energy Speculation Act is the first step in helping to address America’s energy problem. (1:03)
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Expert defends American sovereignty

Mark Cooper of the Consumer Federation of America says that the United States is a crucial market for the oil industry and that Congress has the ability and right to regulate trade in the United States, saying those that disagree are asserting that the United States does not have national sovereignty. (0:47)
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