Airlines Call For Limits on Oil Speculators

Thanks to pressure from a coalition led by the Air Transport Association, a bill has been introduced in Congress that would limit excessive speculation by investors, which, the coalition says, is responsible for some of the increase in oil costs, driving up prices $20 to $60 per barrel.

Last week, Sen. Harry Reid (D-Nev.) introduced the Stop Excessive Speculation Act (S. 3268), which would give the Commodities Futures Trading Commission new resources to prevent and punish price manipu

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