“Oil prices have begun to climb again and, given
the other challenges facing our economy right now, it’s clear
that we need to act swiftly to stabilize the marketplace to head
off another significant price spike.”
Source: ALPA President, Capt. John Prater
-- ALPA has called on Congress to pass legislation that would
help control excessive speculation in the commodity futures
marketplace by enhancing oversight, transparency, and reporting
requirements, as well as imposing limits on cumulative speculative
positions across all markets.