Today's Outrage: Limiting Energy Futures

The sharp contrast between the previous Republican administration under former President George W. Bush and the new Democrat regime under President Barack Obama is adding to the market disruptions still reverberating from the financial crisis.

It's amazing how far and how fast the political pendulum is swinging. During the Bush administration, regulators took a vacation, intervening only when absolutely necessary and trusting perhaps a little too blindly that the free markets would take care of themselves.

The mortgage mayhem turned credit crisis provided plenty of reasons for a regime change and a new approach, which has been embraced with much gusto. ...