An open letter from the CEO's of 12 major airlines was sent to news agencies and some customers today. The letter asks Congress to put a curb on excessive oil speculation, which they feel drives the final price of a barrel of oil up anywhere between $20-$60. We've all seen and felt in our wallets the damage that a jump in oil prices can do. Every time oil jumps, gas jumps with it and the fill-up you made last July 10 costs you about $15 more today.
The letter directs you to a site where you can e-sign a form letter to your local politicians asking them to sign reform laws currently proposed in Congress, specifically designed to limit oil speculation. There are more technical aspects that I won't bore you with, they are all on the website.
As someone who drives 33 miles a day to work and gets about 19 miles a gallon, I get about 300 miles to a tank of gas before the little light says I had better put some gas in. Merely driving to work and back is a fill-up every 4th day at about 15 gallons a pop, and that's not the extent of the driving I do. You do the math.
Here's an article from CNN and that website I mentioned. The link is to the FAQ section of the site with the more technical aspects of speculation. The link to send the letter to your representatives in Congress is on top where it says "Tell Congress to act now". Please encourage our lawmakers to do something productive for a change and get these regulations passed.
http://money.cnn.com/2008/07/09/news/companies/airlines_speculation_letter/index.htm?section=money_latest
http://www.stopoilspeculationnow.com/site/page/answers_to_common_questions
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