Tag Archives: excessive speculation

CFTC hearing confronts oil speculation

On Wednesday July 17th, the Senate Agriculture, Nutrition and Forestry Committee held a hearing regarding the reauthorization of the Commodities Futures Trading Commission (CFTC).  The CFTC is charged with implementing the regulations set forth in the Dodd Frank Wall Street … Continue reading

Posted in Fuel Prices | Tagged , | Leave a comment

Proposed legislation regulating independent agencies is flawed

On July 9th, USA Today contributor Darrell Delamaide penned an excellent column regarding recently introduced legislation (S. 1029, the Regulatory Accountability Act of 2013) which seeks to affect the regulatory process.  As the column highlights, the quest to subject independent regulatory … Continue reading

Posted in Fuel Prices | Tagged , | Leave a comment

Senator Wyden Calls for Investigation of Oil Market Manipulation

Today, Senator Ron Wyden, Chairman of the Senate Energy and Natural Resources Committee sent a letter to Attorney General Eric Holder asking him to investigate the alleged price manipulation of the oil markets by three major oil companies in Europe.  … Continue reading

Posted in Fuel Prices, Leveling the Playing Field | Tagged , | 2 Comments

In advance of looming mark-up, ALPA writes Senate in opposition to S. 3468

Today, ALPA sent a letter of opposition regarding S. 3468 – The Independent Agency Regulatory Analysis Act of 2012 Members of the Senate Homeland Security and Governmental Affairs Committee.  S. 3468 would require independent agencies to conduct cost benefit analyses at the … Continue reading

Posted in Fuel Prices, Labor news | Tagged , , | Leave a comment

Oil Speculation Update: Court Ruling Muddies the Water for CFTC

Recently, the United States District Court for District of Columbia vacated the positions limit rule issued by the Commodity Futures Trading Commission (CFTC).  CFTC was charged with developing such a rule when the Wall Street Reform and Consumer Protection Act became … Continue reading

Posted in Fuel Prices | Tagged , , | Leave a comment

New legislation threatens labor and pension agencies

Today, a coalition of organizations, including many labor groups, sent a letter to Capitol Hill voicing our opposition to S.3468 “The Independent Agency Regulatory Analysis Act of 2012”.  ALPA has been engaged on this issue and has signed the letter … Continue reading

Posted in Labor news | Tagged , | Leave a comment

Fuel prices continue to rise- what can we do about it?

Last week, AAA reported fuel prices are rising, up nearly a quarter from this time last month.  Fuel represents an airline’s biggest cost, and as aviation employees ALPA pilots are exceedingly concerned about the impact of fuel prices on the … Continue reading

Posted in Biofuels, EU Emissions Trading Scheme, Fuel Prices, Leveling the Playing Field | Tagged , , , | 2 Comments

73% support more Wall Street regulation

Recently, a poll was conducted to gauge support for the Dodd-Frank Wall Street Reform Act, which became law two years ago.  An overwhelming 73% of those polled support the idea that Wall Street needs to be further regulated.  During consideration … Continue reading

Posted in Fuel Prices, Leveling the Playing Field | Tagged , | 2 Comments

Amendment to fund CFTC fails in House

Today, Congresswoman Rosa DeLauro (D-CT) offered an amendment to energy legislation on the House floor to provide the Commodity Futures Trading Commission (CFTC) with the funds necessary to comply with their increased oversight of the derivatives markets.  Under the Wall … Continue reading

Posted in Fuel Prices, Leveling the Playing Field | Tagged | Leave a comment

Why ALPA pilots care about derivatives markets

All consumers have felt the pain of high gas prices over the last few years, and understand how those prices restrict their purchases and economic decisions.  For airlines, high fuel prices and dramatic price swings also pose a significant stress … Continue reading

Posted in Fuel Prices, Leveling the Playing Field | Tagged , | Leave a comment