This is an "UNOFFICIAL" source of information regarding my role as a representative for the IBT, representing Mechanics and Related on United Airlines. Nothing on this blog should be considered as an official position or opinion of any Officer or Agent of the International or any Local. The opinions expressed here are the authors only.
Search This Blog
Monday, October 19, 2009
Oil speculation
In yesterday's weekly report I wrote about my concern with the oil market and the speculation that was causing a bubble. On CNBC this morning an analyst was predicting that oil would rise to $109 a barrel soon on dollar fears. Here is an article describing the problem. As I stated last night it is well past time to regulate these transactions. Here is a link to the House of Representatives and here is a link to the Senate. Please write to your members of Congress to express your concern that this speculative activity will kill any recovery for the airlines.