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Opinion Leaders Speak Out
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| | 7/21/2010 - James C. May, president and chief executive, Air Transport Association
"The legislation has the potential to be a multi-billion-dollar benefit to this [airline] industry."
Reuters | |
| 7/21/2010 - Randy Mullett, vice president of government relations and public affairs, Con-Way Carriers,
"One year ago, oil cost $42 a barrel. Today, oil has jumped to $74. Yet during this past year, global demand remained weak, crude oil inventory in storage was well above average, and the dollar declined by only 8 percent relative to the Euro. In the face of these market realities, excessive speculation is the only other variable left unaccounted for."
TruckingInfo.com | |
| 7/21/2010 - Richard Moskowitz, vice president and regulatory affairs counsel, American Trucking Association
"ATA applauds Congress's decision to curb excessive commodity speculation while protecting the ability of the trucking industry to hedge its exposure to increased fuel prices. The legislation will help ensure that fuel prices are linked to the market forces of supply and demand."
TruckingInfo.com | |
| 7/20/2010 - Richard Moskowitz, vice president and regulatory affairs counsel, American Trucking Association
"Excessive speculation has caused dramatic increases in the price of crude oil, which harms end-users like America's trucking industry."
DC Velocity | |
| 7/19/2010 - Spokesperson, World Development Movement
"Opposition to regulating commodity derivatives comes from those in the financial industry with a vested interest in the profits they make from the unregulated markets, particularly the large banks."
Bloomberg | |
| 7/16/2010 - James May, president and chief executive, Air Transport Association
"The law [financial reform legislation] should bring stability and transparency to the markets. We applaud Sen. Lincoln, in particular, for her leadership."
Aviation Week | |
| 7/16/2010 - James May, president and chief executive, Air Transport Association
"The passage of the financial- and commodities-reform bill achieves all ATA board objectives on this issue. The bill is the culmination of many years of hard work by ATA and our members and is a significant win for airlines as consumers of oil."
Aviation Week | |
| 6/25/2010 - James May, president and chief executive, Air Transport Association
"We urge Congress to move forward swiftly to send this bill to the president for signature."
Air Transport Association | |
| 6/25/2010 - James May, president and chief executive, Air Transport Association
"Fuel costs shot up $42 billion between 2003 and 2008 due in large measure to reckless speculation. While fuel remains the airlines’ highest expense, the dramatic swings in prices will be significantly contained by enactment of this measure. Increasing transparency and setting position limits, while permitting carriers to continue to hedge fuel purchases, will ensure that fuel prices will be more directly related to the fundamentals of supply and demand."
Air Transport Association | |
| 6/25/2010 - James May, president and chief executive, Air Transport Association
"We commend the congressional conference committee and specifically Chairmen Lincoln and Peterson for completing their work of the last two years by obtaining agreement to send President Obama a strong bill that will put a stop to Wall Street’s reckless and excessive speculation in oil markets."
Air Transport Association | |
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