Stop Oil Speculation

By Barbara Ortner on March 27, 2010 11:03 AM

SAN ANTONIO (Chemicals Confidential)--Picking up the March issue of Continental Airlines in-flight magazine on the flight from Houston on Friday, I read a column entitled "Stop Oil Speculation" written by the Air Transport Association.

 

The association is complaining that despite low oil demand and huge over-supply, prices are continuing to rise due to "the return of massive speculative investment in oil markets ... The volume of oil traded on paper being as high as 22 times greater than the volume of oil consumed." It calls on the US Congress to re-establish strict position limits on energy commodities, and encourages Texan fliers to visit stopoilspeculationnow.com.

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