Browse > Home / Aeronautics News / Air Transport Association Responds to House Vote Not to Release Strategic Petroleum Reserve

Air Transport Association Responds to House Vote Not to Release Strategic Petroleum Reserve

Written by thomas · Filed Under Aeronautics News 

July 25, 2008

thomas

WASHINGTON, July 24 /PRNewswire-USNewswire/ — The Air Transport
Association of America (ATA), the industry trade organization for the U.S.
airlines, today issued the following statement in response to the House
decision not to release oil from the Strategic Petroleum Reserve (SPR):

“We are disappointed with the outcome of the House vote. A staggered
release of oil from the Strategic Petroleum Reserve would have both short-
and long-term impact on reducing the price of oil,” said ATA President and
CEO James C. May. “We sincerely hope that Congress will put aside its
partisan differences and agree on a comprehensive package before recessing
for the summer.”

May added that the package should include a three-pronged approach:
stop excessive speculation in the oil commodities markets, remain focused
on environmentally sound supply-side solutions, and immediately begin
releasing 10 percent of the SPR. “Congress must act now,” said May.

ATA airline members and their affiliates transport more than 90 percent
of all U.S. airline passenger and cargo traffic. For additional information
about the industry, visit http://www.airlines.org. To tell your member of
Congress that you demand action now to stop excessive oil speculation,
visit http://www.StopOilSpeculationNow.com.

» Próximo Post - Grupo Aeroportuario del Pacifico Reports on the Announcement of Aerocalifornia’s Suspension
« Post Aneterior - Ultimate Jetcharters Adds 11th Dornier 328 Jet to its Growing Fleet

Comments

¿Tiene algo que decir?

You must be logged in to post a comment.