Can someone explain the Enron loophole?

Question

and if or how it is affecting gas prices? If it is true, why then isn't Obama exploiting it?

Answer 1

Thats what permitted so-called speculators to enter the so-called oil market to recoup so-called losses they so-called made in the so-called stock market because of the so-called subprime mortgage so-called crisis.

Answer 2

Obama has talked about cracking down on oil speculation.  I don't know about the Enron loophole, except that Enron had an awful lot of loopholes, many of which were acquired when GW Bush was Governor of Texas--and he was governor of Texas because of the money given to him by his pal, Ken Lay.  

(You gotta love these names:  Bush, Lay, and d**k)

Answer 3

you buy next years oil supply locked into today's prices. the problem is there are no regulations as to who can and cannot trade these futures.  so if you are an oil company, you can buy up your own shares in futures, in theory and cause an artificial shortage, thereby increasing the price. so if you pay $142 a barrel today and next its worth $200. you just made $58 by just holding on to the share.