Airlines banding together to stop oil price speculation.

1480 · 07-10-08, 06:30 PM

I am a member of a flyer mile card program. My wife and I are nearly a year away to go to another country to adopt. I received an e-mail today that reprinted an open letter to congress from all of the US based airlines about oil price speculation. They claim that the mark up just from the trading aspect is 30-60 dollars a barrel of crude. I did a bit of research and it seems that this is a correct assertion on their part. I'm normally one, who does not want the feds to get involved with free enterprise but, since they will put Martha Stewart in prison for making a couple of extra bucks on a stock sale, why not look into oil speculation.... If you agree I'm linking a page that is dealing with this directly. I chose not to cut and paste the e-mail because it's a bit wordy. Let the debate begin!

http://capwiz.com/sosnow/issues/alert/?alertid=11571321

07-10-08, 06:30 PM	#1
1480 Lead Slinger Join Date: May 2007 Location: Chitcago, Illinoise Posts: 1,442 Downloads: 74 Uploads: 0	Airlines banding together to stop oil price speculation. I am a member of a flyer mile card program. My wife and I are nearly a year away to go to another country to adopt. I received an e-mail today that reprinted an open letter to congress from all of the US based airlines about oil price speculation. They claim that the mark up just from the trading aspect is 30-60 dollars a barrel of crude. I did a bit of research and it seems that this is a correct assertion on their part. I'm normally one, who does not want the feds to get involved with free enterprise but, since they will put Martha Stewart in prison for making a couple of extra bucks on a stock sale, why not look into oil speculation.... If you agree I'm linking a page that is dealing with this directly. I chose not to cut and paste the e-mail because it's a bit wordy. Let the debate begin! http://capwiz.com/sosnow/issues/alert/?alertid=11571321 __________________