The “Enron loophole” is the loophole that exempts e-trading energy speculators from regulatory oversight:
Some argue that the unregulated energy speculation, codified in 2000, can account for $20 to $25 in the jump in oil prices.
Fortunately, the farm bill passed both House and Senate by veto-proof margins.
Frankly, the “Enron loophole” is much more of a benefit to rich people than is the higher-income farm subsidies Bush keeps bitching about.
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