Finally, some common sense with respect to oil prices
Finally, some common sense with respect to oil prices
#1Finally, some common sense with respect to oil prices
Posted: 6/22/08 at 9:41pm
Obama has come out in favor of closing the 'Enron loophole'. which limits regulation with respect to oil price speculation. This is a position that McCain agreed with in Y2K, when actually was a maverick. Closing this loophole is something that Keith Olbermann and Bill O'Reilly both agree on, so it will be interesting to see how the media reacts to this. This is a measure that can actually have an effect on oil prices.
http://firstread.msnbc.msn.com/archive/2008/06/22/1161113.aspx
Edit: this loophole was tacked on a 2000 bill by Phil Gramm, McCain's financial advisor.
"It does me no injury for my neighbour to say there are 20 gods or no god. It neither picks my pocket, nor breaks my leg."
-- Thomas Jefferson
Updated On: 6/22/08 at 09:41 PM
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