S.O.S. Now - Stop Oil Speculation Now

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News Releases and Updates

7/1/2010 - Placing the 2006/08 Commodity Price Boom into Perspective

Study by John Baffes and Tassos Haiotis of The World Bank Development Prospect Group. This paper argues that the use of commodities by financial investors (the so-called “financialization of commodities”) may have been partly responsible for the 2007/08 spike. John Baffnes and Tassos Haiotis

6/25/2010 - ATA Commends Conference Committee for Adopting Tough Wall Street Reforms

The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, today issued the following statement in response to comprehensive financial-reform legislation agreed to by lawmakers. Air Transport Association Press Release

6/14/2010 - Tell Congress to Reject Wall Street Lobbying!

Congress will draft the final version of the financial and speculation reform legislation in the coming weeks. Please remind your representative and senators to support regular Americans - not wealthy executives on Wall Street - by stopping oil speculation now. S.O.S. Now E-mail Update

Articles of Interest

9/8/2010 - CFTC discusses derivatives rules with Wall St

A US regulator is calling on Wall Street firms’ expertise as it seeks to write rules to monitor the same firms’ derivatives dealings for the first time. Financial Times

9/7/2010 - Goldman Sachs, BP Met With Derivative Regulators on Dodd-Frank

Goldman Sachs Group Inc., BP Plc and Vitol Group number among dozens of companies that have met with the top U.S. commodity regulator in the last six weeks as the agency moves to implement the sweeping overhaul of the $615 trillion over-the-counter derivatives market. Bloomberg

9/7/2010 - Regulators to hash out major new finance regulations this month

Financial regulators are set this month for a series of crucial meetings and decisions as they hash out major new U.S. and international rules that may govern the financial world for years to come. The Hill

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Opinion Leaders Speak Out

8/24/2010 - Rep. Paul Kanjorski (D-PA), U.S. House of Representatives

"This law will rein in Wall Street banks and prevent them from making risky bets with other people's money, really all of our money, which they did and that crashed the economy here in the U.S. and all across the world." Citizen’s Voice

8/23/2010 - Rep. Paul Kanjorski (D-PA), U.S. House of Representatives

"The American public has unfortunately felt the severe consequences of Wall Street's dire mistakes. We still have much work to do as too many people are still struggling financially as a result of the recession." Citizen’s Voice

8/23/2010 - Bart Chilton, commissioner, CFTC

"It's my hope and expectation that new governance rules will bring more common sense to our financial markets and mitigate the risky behaviors and conflicts of interest that led to crippling our system." Washington Post

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