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Opinion Leaders Speak Out
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3/17/2011 - Democrat Senators, United States Senate
"Speculators are seizing on recent political turmoil in North Africa and the Middle East to drive energy prices to unwarranted levels."
Orlando Sentinel | |
| 3/17/2011 - Representative Barney Frank (D-MA), United States House of Representatives
"There is no question that speculation is playing a role in the rise in gas prices."
New York Times | |
| 1/20/2011 - Senator Sherrod Brown (D-OH), United States Senate
"We know the damage that high gas prices do to the economy."
Columbus Dispatch | |
| 1/20/2011 - Senator Sherrod Brown (D-OH), United States Senate
"They [oil speculators] will bet on prices going up, encouraging other to bet on prices and they pocket a lot of money."
NBC4i.com | |
| 1/14/2011 - David Berg, vice president and general counsel, Air Transport Association
"The extraordinary price fluctuations that harmed consumers, industry and the economy in recent years will not be prevented by the proposed limits, and with predictions that prices will once again exceed $100 a barrel, the CFTC must do more to address this problem by delivering on the intent of Congress as clearly outlined by Dodd-Frank. The market easily can function efficiently and effectively with more stringent limits."
ATA News Release | |
| 1/14/2011 - David Berg, vice president and general counsel, Air Transport Association
"Excessive speculation, unrelated to the fundamentals of supply and demand, creates volatility in prices that simply cannot be effectively managed by the airlines or, for that matter, any other industry where fuel is a key cost item, and it damages the economy."
ATA News Release | |
| 1/2/2011 - Joel Naroff, president, Naroff Economic Advisors
"We learned in 2008 that $4-a-gallon gas is a deal-breaker for the economy. If it happens, it’s not sustainable. There’s only so much the consumer will bear."
Tucson Citizen | |
| 1/2/2011 - Tom Kloza, chief oil analyst, Oil Price Information Service
"Oil prices ripple through every part of the economy. I think it’ll be the second highest year for oil prices on record."
Tucson Citizen | |
| 12/15/2010 - William F. Galvin, chief financial regulator, State of Massachusetts
"If the Commission [CFTC] fails to act in a timely way or fails to adopt strong position limits, markets and consumers will be vulnerable to excessive commodity prices and volatility arising from speculative trading activity."
Bloomberg | |
| 12/15/2010 - Richard B. Hirst, general counsel, Delta Airlines
"The speculative bubble in oil prices has concrete detrimental consequences for the real economy."
Bloomberg | |
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