Media Center
Below you’ll find news and updates, articles of interest, and relevant quotes from opinion leaders. You can find media contacts here.
News & Updates
The Commodity Markets Oversight Coalition Urges Congress to Amend H.R. 977
June 23, 2009 – Coalition
CoalitionCongress can prevent another oil bubble and the consequent damages to consumers and the economy by moving on a slightly modified version of the commodities legislation now. More »
ATA Applauds Administration White Paper on Oil Trading
June 17, 2009 – Air Transport Association
The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, today applauded the Obama administration on the issuance of its white paper addressing excessive unchecked speculation that artificially drives the price of oil and needless volatility, taking a toll on consumers. More »
Commodity Markets Oversight Coalition Letter
June 3, 2009 – Coalition
The Coalition urges Congress to act decisively to bring full transparency to all trading environments and platforms, to prevent excessive speculation and to close the door to potential manipulation. More »
Articles of Interest
Commodities’ Engine Hits Cruising Speed
July 2, 2009 – Wall Street Journal
J.P. Morgan Chase analysts lifted their forecast for the average price of oil in 2009 to $55.63 a barrel from $49.38, though "global demand and inventory levels look horrendous." They added in a late-May report that "a second half economic recovery, perhaps more vigorous than even we foresee, is in… More »
Barclays Raises U.S. Oil Forecast 15% on Fundamentals (Update1)
July 1, 2009 – Bloomberg
Barclays Plc raised its third-quarter forecast for West Texas Intermediate crude oil by 14.5 percent from an estimate in June, citing expectations for fundamentals in commodity markets to return to "normalcy." More »
Dubious History Of Goldman Sachs Market Manipulation Repeats Itself As Speculators Spike Gas Prices
July 1, 2009 – American Chronicle
In another case of history repeating itself, the rapidly rising cost of gasoline, misleadingly attributed by some to supply and demand issues, is actually more of the same from last summer when speculators fraudulently ran up gas prices to more than $4 a gallon. More »
Read More Articles of Interest »
Opinion Leaders Speak Out
Barclays Capital Analyst Paul Horsnell
July 2, 2009 – Bloomberg
Among all the changes that have kept commodities on the boil in recent years, the key factor is that ‘normal' is not what it used to be." More »
Senator Bernie Sanders (I-VT)
July 1, 2009 – Vermont Business Magazine
"Reforming Wall Street will not be easy. Over the past decade, the banking and insurance industries spent over $5 billion on campaign contributions and lobbying activities. They are spending even more today to prevent Congress from seriously reforming their industries. It is time that Congress stood up to these big… More »
Steve Briese, author of “The Commitments of Traders Bible
July 1, 2009 – Dow Jones
"Institutional investors such as country funds and pension funds are basically pushing prices where they shouldn't go." More »