If the White House were involved, they didn't do very well trying to save Enron. Was there an attempted baillout? If so, I missed it. And, of course the White House would consult with the oil industry when there was an energy crisis. Enron is was part of that.
The collapse of oil and gas prices over the past year may have played a large part. Futures trading is not for the faint-hearted.
The Dems are salivating but as has been said before, they better be careful for they may not like what they find, i.e., Ron Brown, Clinton, Gore, etc.