Legislation

Commodity Markets Oversight Coalition

New Jersey Citizen Action Oil Group is constantly on the front line fighting for better oil prices for our members. We want to put an end to the excessive speculation and trade practices in the commodities trading markets that have led to historically high prices.

NJCA Oil Group is a proud member of a coalition fighting to keep oil prices in check: the Commodity Markets Oversight Coalition. CMOC is an independent, non-partisan and non-profit alliance of groups that represents commodity-dependent industries, businesses and end-users - including average American consumers - that rely on functional, transparent and competitive commodity derivatives markets as a hedging and price discovery tool. The coalition advocates in favor of government policies that promote stability and confidence in the commodities markets, that seek to prevent fraud, manipulation and excessive speculation, and that preserve the interests of bona fide hedgers and consumers.