This one is especially interesting since GWB was blamed for the Enron debacle. Iwonder if Clinton ever explained his view of removing this oversight ?2) Speculation "Given the unchanged equilibrium in global oil supply and demand over recent months amid the explosive rise in oil futures prices ... it is more likely that as much as 60% of the today oil price is pure speculation," writes F. William Engdahl, an Associate of the Centre for Research on Globalization. According to a June 2006 US Senate Permanent Subcommittee on Investigations report, US energy futures historically "were traded exclusively on regulated exchanges within the United States... The trading of energy commodities by large firms on OTC electronic exchanges was exempted from (federal) oversight by a provision inserted at the behest of Enron and other large energy traders into the Commodity Futures Modernization Act of 2000." The bill was signed into law by Bill Clinton, in one of his last acts in office.
The removal of this oversight was put into the bill by senator Graham... who also happens to be McCain's campaign manager. hmmmmThis one is especially interesting since GWB was blamed for the Enron debacle. Iwonder if Clinton ever explained his view of removing this oversight ?