Finally, some common sense with respect to oil prices

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.

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Updated On: 6/22/08 at 09:41 PM