quotable archives: June 2008 | May 2008 | April 2008
"...normal market forces are being dangerously amplified by poorly regulated market speculation...Get more information and contact Congress," wrote the CEOs of 12 U.S. airlines in a letter to their customers. Forbes 07/09/08
Sen. Joseph Lieberman (I-Conn.) said, “Our government must step in as soon as possible to protect our consumers and our economy because, against the forces of the speculative markets, the average person simply cannot protect himself or herself.” Politico 07/08/08
“I have heard from experts for years that the price of a barrel of oil ought to be around $60 or $70. Instead, it’s around $130, $140 a barrel. A large component of that difference, extra $60 or $70 is rank speculation. It’s a bubble,” said U.S. Rep. David Wu (D-OR). Oregon Public Broadcasting 07/02/08
"Nine US senators urged Democratic and Republican leaders to end their partisan potshots and convene an energy summit immediately after the congressional Independence Day recess. 'Our hope is to hear from the best experts on energy policy who can present an unbiased view of the most promising approaches...,' they wrote in a June 26 letter to Majority Leader Harry M. Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.)". Oil & Gas Journal 07/01/08