More info.
Stop Oil Speculators. Send Congress An S.O.S. it basically allows traders to work outside of federal regulations.
As I understand it.... It's "bad" because this loophole allows crazy swings like we've seen in the oil market this year ONLY on items that are exempt specially exempted from the regular trade laws (thanks to
http://en.wikipedia.org/wiki/Enron_loophole). So while frozen concentrated orange juice, a product that effects almost no one unless they are orange growers is HIGHLY regulated to curb huge swings. OIL, a product that hugely effects every person on the planet and is currently driving down the global economy, is free from the same regulation and oversight.
