ATA, others urge petroleum commodity market reform
Jun 13, 2008 12:56 PM
The American Trucking Associations (ATA) and 18 other transportation-related organizations are urging Congress to reform the energy commodities market in what the group believes would stop surging oil prices, according to ATA information.
In a letter to several members of Congress, the group outlined recommended reforms that include: closing all loopholes that allow institutional investors to avoid limits on the size of their investments; ensuring all energy traders are subject to limits imposed on US exchanges; and increasing margin requirements and imposing appropriate disclosure and financial requirements on institutional investors.
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