Air Transport Association leads coalition in call for solutions to energy crisis
WASHINGTON, DC - The Air Transport Association of America (ATA), the industry trade organization for the major US airlines, today launched a broad coalition effort urging Congress to immediately find bipartisan solutions to the worldwide surge in oil prices and decline in the US economy. ATA is joined by key industries, labor and consumer groups in this initiative.
In a letter sent to Senate Majority Leader Harry Reid (D-NV), Senate Minority Leader Mitch McConnell (R-KY), House Speaker Nancy Pelosi (D-CA) and House Minority Leader John Boehner (R-OH), the coalition urged immediate action, through either the Commodity Futures Trading Commission or Congress, to ensure meaningful reforms are put in place to restore market integrity.
"This country needs a fair, transparent and balanced energy commodities market, not one that is skewed to benefit speculators and institutional investors," the coalition wrote.
While specific measures should be carefully drafted to avoid unintended consequences, the coalition identified three priority steps, the first being to close all loopholes, including the "Enron Loophole" and "Swaps Loophole," that allow institutional investors to avoid limits on the size of their investments. Second, we need to ensure that all energy traders, including those trading on foreign boards of trade, are subject to the limits imposed on US exchanges, and finally that there is a need to increase margin requirements and impose appropriate disclosure/financial requirements on institutional investors.
ATA airline members and their affiliates transport more than 90 percent of all US airline passenger and cargo traffic.
Comments
Today on june 13th 2008-I was deleted by wecansolveit.org-
the organization looking for alternative energy for America has deleted me- the man who solved the energy crisis-
why- because i say I am a messenger of god-my free will to believe in my inner voice- your FREE ILL to ignore me EVEN IF I HAVE THE SOLUTION TO THE ENERGY CRISIS_ PATHETIC
you want your cake and eat it too- you want life exactly the way you want it and not told by another
you dont pick your messengers- they are chosen-
i had enough- i have now endured 13 months on this net being deleted by every arrogant organization run by humans and just regular folk like you who have always ignored my messages since my time upon the net-
well i am done with your stupidity-
let your oil prices go up- let your food prices go up- watch your economies crumble- see your jobs lost- get rid of all your pet animals as you cannot feed your family and pet dog as so many are giving them to the pound-
I have come openly with a solution 13 months ago only to be ignored-
now a gluttonous world playing on the internet shall all learn how primitive man is and must be civil to one another- instead of shunning someone bringing forth a solution- in the months to follow- you will learn there is no alternative fuel- panic mode will set in very soon-
when you understand clearly how important energy is- i guess your arragance will stop and just implement my scientific deeds - as for my messenger duties- it will make sense in time- all is well- but it will only get better after your destruction- i am sorry i have to say this- but it is I who has now watched you completely ignore and ridicule a man of god- as always you will learn the hard way-
time will tell
solomon azar
noblefuse.com
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