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Curb High Oil Prices

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  #1  
Old 07-10-2008, 10:04 AM
staarma's Avatar
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Default Curb High Oil Prices

I got this letter from Delta of all corporations. Read it then click the link. The link will take you to the site that will compose a letter for you. All you do is enter your zip code and it will fill in your local, state congressman and then you type your name and hit send. It takes a moment is all. I did it. They need to hear it from us.

Hello Mr. XXXXXX,
Our country is facing a possible sharp economic downturn because of skyrocketing oil and fuel prices, but by pulling together, we can all do something to help now.

For airlines, ultra-expensive fuel means thousands of lost jobs and severe reductions in air service to both large and small communities. To the broader economy, oil prices mean slower activity and widespread economic pain. This pain can be alleviated, and that is why we are taking the extraordinary step of writing this joint letter to our customers.

Since high oil prices are partly a response to normal market forces, the nation needs to focus on increased energy supplies and conservation. However, there is another side to this story because normal market forces are being dangerously amplified by poorly regulated market speculation.

Twenty years ago, 21 percent of oil contracts were purchased by speculators who trade oil on paper with no intention of ever taking delivery. Today, oil speculators purchase 66 percent of all oil futures contracts, and that reflects just the transactions that are known. Speculators buy up large amounts of oil and then sell it to each other again and again. A barrel of oil may trade 20-plus times before it is delivered and used; the price goes up with each trade and consumers pick up the final tab. Some market experts estimate that current prices reflect as much as $30 to $60 per barrel in unnecessary speculative costs.

Over seventy years ago, Congress established regulations to control excessive, largely unchecked market speculation and manipulation. However, over the past two decades, these regulatory limits have been weakened or removed. We believe that restoring and enforcing these limits, along with several other modest measures, will provide more disclosure, transparency and sound market oversight. Together, these reforms will help cool the over-heated oil market and permit the economy to prosper.

The nation needs to pull together to reform the oil markets and solve this growing problem.

We need your help. Get more information and contact Congress by visiting Stop Oil Speculation Now | S.O.S. NOW


Richard Anderson
CEO
Delta Air Lines, Inc.
Gerard J. Arpey
Chairman, President and CEO
American Airlines, Inc.



Bill Ayer
Chairman, President and CEO
Alaska Airlines, Inc.
Dave Barger
CEO
JetBlue Airways Corporation



Mark B. Dunkerley
President and CEO
Hawaiian Airlines, Inc.
Robert Fornaro
Chairman, President and CEO
AirTran Airways



Timothy E. Hoeksema
Chairman, President and CEO
Midwest Airlines
Lawrence W. Kellner
Chairman and CEO
Continental Airlines, Inc.



Gary Kelly
Chairman and CEO
Southwest Airlines Co.
Douglas Parker
Chairman and CEO
US Airways Group, Inc.



Douglas M. Steenland
President and CEO
Northwest Airlines, Inc.
Glenn F. Tilton
Chairman, President and CEO
United Airlines, Inc.






Email Subscription
You are currently subscribed to receive email as XXXXXXXXXXXX. You can modify your options or unsubscribe at any time by signing in with your account number XXXXXXX and PIN at delta.com/emailprograms. You may also unsubscribe by clicking here. Please note that the unsubscribe will only apply to the recipient receiving this email.




Copyright Information
This email message and its content are copyrighted and are proprietary products of Delta Air Lines, Inc. Any unauthorized use, reproduction, or transfer of this message or its contents, in any medium, is strictly prohibited.

Delta Air Lines, Inc.
Delta Blvd.
P.O. Box 20706
Atlanta, GA 30320-6001
USA

This is a post only email. Please do not respond to this message.
 
  #2  
Old 07-10-2008, 01:41 PM
Johnny Cetane's Avatar
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Join Date: Mar 2007
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Default

I did it. It's worth a shot, eh?
 
  #3  
Old 07-10-2008, 02:40 PM
staarma's Avatar
Diesel Enthusiast
Thread Starter
Join Date: Apr 2007
Location: Belgrade, MT
Posts: 496
Received 68 Likes on 55 Posts
Default

Just showing some unity among the herd is a start. Let's band the sheep and do something.
 
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