We’ve published a lot lately on Washington’s efforts to intervene in the oil markets to bring down crude oil and gas prices.

Most strident is former Democrat and now independent Connecticut senator Joseph Lieberman. Lieberman wants to ban private and public pension funds with over $500 million in assets from investing in commodities traded on a US futures exchange, foreign exchange or over the counter.

Problem is Lieberman’s ally in the attempt to curb the speculators thinks his plan stinks.