Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (391203)	6/16/2008 8:53:03 PM
From: TigerPaw	Read Replies (3) of 1573042

the price of oil has almost no short term correlation to who is in power. In Dec 2000 then Texas Republican Senator Phil Gramm placed a provision (in the actual dead of night) into a bill which exempted energy sales from regulation if such sales were made electronicly. This is known as the Enron loophole. Currently 30% of U.S. energy trading takes place not in an open market, but in this dark-market where nobody knows who is doing the buying or selling, or even if the seller actually has the stuff at the time they are selling. It is completely wild-west unregulated speculation. Phil Gramm is McCain's principal economic advisor. TP

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