| ATA Joins Stop Oil Speculation Now Coalition |
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Recognizing that the solution to the energy crisis requires a broad range of solutions, ATA joined a new coalition aimed at eliminating excessive speculation in the energy markets. The Stop Oil Speculation Now coalition is beginning and aggressive campaign to reform commodities trading in a manner that protects bona fide hedging activities whole curtailing excessive speculation. The coalition is calling on Congress to reestablish strict position limits on energy commodities and bring transparency to all energy trading by subjecting foreign boards of trade with US operations to the same regulations governing US exchanges and eliminating exemptions for over-the-counter swaps dealers. Additional information on the coalition is available at: www.stopoilspeculationnow.com. ATA will continue to focus on a broad range of solutions to the energy crisis, including urging Congress to increase the supply of domestically produced petroleum and incentivize fuel conservation measures. |
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