Obama vows crackdown on energy speculators
The Associated Press | June 23, 2008
By JOHN DUNBAR
Sen. Barack Obama on Sunday said as president he would strengthen government oversight of energy traders he blames in large part for the skyrocketing price of oil.
The Democratic candidate's campaign singled out the so-called "Enron loophole" for allowing speculators to run up the cost of fuel by operating outside federal regulation. Oil closed near $135 a barrel on Friday - almost double the price a year ago.
