URGENT! Fate of "Enron Loophole" Legislation To Be Decided Soon!

Oil prices are continuing to break records. They are currently at an all time high of $112 per barrel, up over 50% from last year! Only half of the increase is due to supply and demand. The other half is due to speculation and manipulation of the market.

In December 2000, Congress passed the "Enron Loophole." Enron executives were able to successfully lobby the U.S. government to deregulate trading by energy exchanges. The result is a loophole which allows electronic trading with NO federal oversight.

Who can forget the Enron financial scandal of 2001? Enron employed over 22,000 people before it went bankrupt, leaving its employees with nothing — no pension, no retirement fund. The head honchos barely received a slap on the wrist, serving minimal jail time, if any. Despite the demise of Enron, the loophole legacy still exists, allowing a few to get rich off the backs of hard working people. To regain the trust of the public, all energy commodity markets must be regulated so that the prices paid by consumers reflect supply and demand, not speculation or manipulation. To do this, the "Enron Loophole" must be closed.

Legislators are discussing this now! It is essential that they include in the final Farm Bill the "Close the Enron Loophole Act" (CREA Reauth. Act) that was included in the Senate Version by unanimous consent.

Take Action! Visit closetheenronloophole.com to show your support!