About CloseLoophole.org
Rising gas prices is a non-partisan issue that affects everyone. The financial burden Americans are feeling is real and tangible so everyone wants gas prices to fall, but what can we do about it?
Energy Speculators Are Artificially Inflating Prices
The problem has more to do with energy speculators artificially driving up the price of oil than a lack of supply. The Enron Loophole was an amendment to the Commodity Futures Modernization Act of 2000 (CFMA), and it enables energy speculators to operate unregulated and drive up energy prices.
Closing the Enron Loophole Will Drop Price of Oil 25-50% Overnight
Phil Graham, a then Republican Senator from Texas, was instrumental in creating this loophole. The large oil companies and banks profit from the loophole at the expense of the consumers, and in June of 2008, the Senate received testimony saying that the price of oil would drop 25-50% almost overnight if the loophole was closed.
Tell Your Senators, Tell Your Friends
We believe that public opinion can become a second superpower, large enough to influence policy makers. CloseLoophole.org is a viral-marketing campaign designed to let our Senators know that we want them to close the Enron Loophole completely and immediately.
The Thunder of Public Opinion
If the megaphone grows loud enough, they will make closing the Enron Loophole a priority. We believe a focused viral-marketing campaign, through social media, can change governmental policies for the good. Vote with your email. Together we are a superpower.
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3 Powerful Ways You Can Help
- Take Action Now, Email Your Senators
- Spread the Word, Email Your Friends
- Show Your Support, Sign the Petition