Senator Byron Dorgan was just on CSPAN2. They don't have the video up on http://www.c-span.org/  as of yet but keep an eye out for it. he has more quotes from the CEO of Marathon Oil and others decrying the unregulated speculation in oil.

In the meantime here is Dorgan's proposed bill that would put downward pressure on on gas prices by cutting oil speculation.

Here is a key quote form his press release:

“We are trading 20 times more oil than we take delivery of each day.  The world uses about 86 million barrels of oil per day, yet trades approximately 1.5 billion barrels of oil per day,” said Dorgan. “This casino-like speculation is causing sky-high gas prices" 

http://dorgan.senate.gov/newsroom/record.cfm?id=299624

Read the whole press release for details on what his legislation would do.

If you're done being distracted by trolls who tell you Obama is going to invade Pakistan or deserves to lose because he won't singlehandedly veto the FISA bill here's something you really ought to pay attention to.

Check out the testimony yesterday on CSPAN about the Enron loophole. This is the provision that has allowed speculators to game the market and inflate the price of oil to double what it ought to be. The president of Shell Oil says a barrel of oil ought to be $35 to $65 right now. This is the kind of thing you ought to be paying attention to. 

Phil Gramm, McCain's top economic advisor snuck that provision it into a huge omnibus spending bill in December 2000 at the end of the session. There probably wasn't a Dem senator or anyone in the Clinton administration who even knew that version of the bill was in the package.

Go to:
http://www.c-span.org/

And scroll down to:
House Energy & Commerce Subcmte. Hearing on Energy Prices: Panels One & Two June 23, 2009

House Energy & Commerce Subcmte. Hearing on Energy Prices: Panels Three & Four June 23, 2009