Two articles today about oil and what Congress can do about it.
An article on The Wall Street Journal talks about 4 energy analysts who presented their case to Congress. They go on to talk about the speculation market and how it's inflated the price of oil.
This ties in to an article dealing with the Enron loophole that created the speculation market problem, supposedly.
What makes me laugh about the whole thing is the line where the Republican Senator of Texas who pushed the Enron bill through is now an economic advisor to McCain.
Unreal.
Obama is out to close the loophole. In this US News.com article, he places the blame squarely on Republican Texas Senator Phil Gramm.
Have to wait and see what Congress decides to do about this, but it's pretty clear that if this action, of closing this provision in the Commodity Futures Modernization Act, decreases oil prices in the US, whatever candidate pushes for it will garner a large support base.
Having an aide who is responsible sounds like a big problem.
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