The House today enacted a bill to stop outrageous market trading futures in oil left open during the Enron "loophole".

>"The bill would provide for the Commodity Futures Trading Commission (CTFC) to enact emergency measures to “maintain or restore orderly trading.” Concurrent to the bill’s approval, the CTFC released a notice that spells out the broad powers granted by Congress that have been used when the commodity markets have been manipulated in the past. Yes, manipulation. "

The CTFC isn't fooling around. Only a few times in history have they enacted their special powers. Each of the past conditions were excessive because they all involved "a threat of manipulation in an expiring contract."

Now, this wouldn't be a run on Bush and Cheney's expiring oil futures, would <it>? Maybe we'll get back to $3 a gallon gas as soon as this Bill is passed.