Posts Tagged ‘speculators’

Airlines Tell Passengers that Oil Price Speculators are Responsible for High Airfares

Wednesday, July 9th, 2008

According to the airlines, via that lapdog of the Air Transport Association of America known as Stop Oil Speculation Now, there is a:

force at work that, like gravity, is invisible yet powerful. This force is rampant speculation. Every time you buy products such as food or gas, you are impacted by unregulated, secretive and often foreign commodities futures markets. Speculators in these markets are increasingly buying and selling commodities such as oil even though they have no intention of using the product.

First of all, who wrote this copy? Bob Shrum? Second of all, Hillary Clinton didn’t intend to use all that sugar and eat those cows when she speculated in the commodities markets and nobody complained about that, right? Speculation is now supposed to be a bad thing?

Our corporate overlords are worried:

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Could there be a more likely explanation for high prices for avgas? CBS News offers a few. Is it possible Bill O’Reilly might be wrong? Or, maybe all this talk of speculation being the cause of high fuel prices is just a Nixonian Fallacy.

Check it out and decide for yourself. Maybe you’ll agree that both you and the airlines are being victimized by those invisible, powerful, secretive, foreign forces.

The airlines have to come up with something to explain all those fees and surcharges, right?

I shift the blame
To the worm in the bottle
I shift the blame
To anyone standing before me