F William Engdahl/AsiaTimes: Speculators knock OPEC off oil-price perch
A June 2006 US Senate . . . report on "The Role of Market Speculation in rising oil and gas prices" noted, "... there is substantial evidence supporting the conclusion that the large amount of speculation in the current market has significantly increased prices".

Press Release/Levin-Coleman: Report Finds Speculation Adding To Oil Prices (6-27-2006)
The report recommends that Congress enact legislation to close a major loophole in federal oversight of oil and gas traders, slipped into law in 2000 at the behest of Enron and other large energy traders.

My guess is the odds of seeing anything more about closing that loophole are running just about zero. Right next to the odds you'll see anything more written about it anytime soon.

[Image @ Jurist "This Day At Law", 15 October 1914].
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