Attempt to Close Enron Loophole Didn't Stop …

In 2008, then-President Obama pushed to close the Enron Loophole—the exemption in commodities trading law of certain types of energy futures from oversight by the Commodity Futures Trading Commission (CFTC)—that he claimed was enabling oil speculation and driving up gasoline prices. Obama lamented how the unregulated market of the Over-the-Counter (OTC) exchanges were being used to manipulate prices and drives prices skyward.

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