This is one way to bring some sanity back to the price of oil, and I’m glad to see that not only is Obama backing [1] this bi-partisan push [2] to put some limits on out of control speculation, but also calling for tougher restrictions on market forces that aren’t doing anything to help out consumers…
Obama wants to close a loophole in federal law that exempts some energy traders from regulations that govern other exchange-traded commodities.
Democrats call this...
Links:
[1] http://www.politico.com/news/stories/0608/11252.html
[2] http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/06/13/MN71118TFH.DTL