Futures act of 2000 drove up oil prices

Until Bush, U.S. energy futures were traded on regulated exchanges to prevent market manipulation.

The Commodity Futures Modernization Act of 2000 allowed traders to speculate on energy futures on unregulated markets.

This allowed Enron to manipulate energy prices and now allows companies to run up the price of oil to make up their loses from the sub-primes mortgage fiasco.

The price of oil would drop back to $30 a barrel the day if Congress revokes the Commodity Futures Modernization Act of 2000. Call your representative and ask him or her to revoke this very bad law.

This is why you cannot elect a Republican to any national office. Republicans do not believe in regulations.

They prefer a free market so corporations can make as much money as the market will allow, even if it hurts the common American.

John D. Morgan

Arlington Heights