ATA seeks actionto control energycommodity speculation

Published Thursday, June 25, 2009

In an effort to mitigate dramatic spikes in fuel prices similar to those in 2008, the American Trucking Associations (ATA) has called on Congress to increase the transparency of futures markets and impose reasonable aggregate position limits on energy commodities. While the price of crude oil is off from summer 2008’s record-high levels, the commodity has seen an inexplicable run-up in price over the past five months. Despite US oil inventories near a 19-year high and oil demand down 6% from a year earlier, the price of crude has more than doubled since February. “Demand ...

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