OIL TRUST UPDATE: Somehow I missed this yesterday — well, I’ve had a lot going on — but Sens. Hillary Clinton and John Ensign had an oped in the Wall Street Journal endorsing the Oil Trust idea. (Subscription, but link should work for a few days).

I’ve been pushing that idea since 2003, of course, and it’s also been supported by the likes of Milton Friedman and Vernon Smith. I don’t understand why the Bush Administration hasn’t been more supportive.