Wednesday, June 18, 2008

The Underlying Cause of the Gas Chaos
Keith Olbermann Speaks to It

It has to do with the ENRON Loophole and, of course, THIS administration, and the Farm Bill to rescind it. And then there's this: Deregulation of the futures market & mergers of refineries allowed by antitrust types.

KO did a Special comment about this tonight.

"McCain, gas prices & the Enron loophole"

We don't need to drill for oil. Congress needs to rescind this unregulated futures market on oil and the price will quickly drop as the futures floor won't be able to keep bidding the price sky high. I suspect that if this doesn't happen, there'll be a big oil balloon bust.

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