The Airlines Need Our Help
Matt Koppenheffer,
OpEdNews.com
I typically skip over the
periodic emails that I get from various airlines for being part of their
frequent flier programs, but the subject line of the email from Delta yesterday — “An Open
Letter to All Airline Customers” — caught my eye. And it’s a good thing I read
it, because the letter brought it to my attention that there’s an evil group of
speculators out there that are driving up oil prices and making all of our
lives miserable (please be sure to note my sarcasm).
The letter ended with the
plea “We need your help. Get more information and contact Congress by visiting www.StopOilSpeculationNow.com.”
Interested to find out if the airlines actually have found conclusive evidence
that speculators are responsible for pushing up oil prices I followed the link.
Unfortunately, instead of evidence I got “While everyone is aware that supply
and demand constraints contribute to price increases, there’s another force at
work that, like gravity, is invisible yet powerful. This force is rampant
speculation.”
I couldn’t help but
conjure up the image of a bunch of Al Capone-like thugs sitting in a back room
somewhere admiring their pile of oil futures contracts, smoking thick cigars,
and having a hearty laugh at our expense. MUCH
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