Barack Obama is set to announce his plan to target the oil industry for further government regulation and oversight.

Obama vows to close the so-called "Enron Loophole" in an effort to curtail speculation in the energy markets.

The "Enron Loophole" refers to a section of the “Commodities Futures Modernization Act of 2000 [CFMA]” which was signed into law by President Clinton.  The "loophole" exempts certain energy traders from regulations governing other commodities. 
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