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Yesterday we were talking about the high price of oil and Eric mentioned that speculators were laughing all the way to their Swiss bank accounts.
Eric received this letter from a friend, whose airline sent it to her last week. It was dated Thursday, July 10, 2008.
It is clearly time to pay attention, as the oil crisis is not just affecting our personal gas tanks, but those of major airlines and the economy at large.
Two-thirds of oil contracts are presently bought and sold without any intention of actually delivering the product, raising the price of fuel and damaging the economy.
Please read the letter below, signed by 12 CEOs of major airlines, that gives us the opportunity to get involved and take back some control over unnecessary price hikes, and send this link to your friends.
Yours & truly,
Dear [Ms. or Mr. American Citizen]:
Last week, crude oil hit an all-time high of $146, and the skyrocketing cost of fuel is impacting our customers, our employees, the communities we serve, and the economy as a whole. United, and the majority of other major U.S. airlines, are asking our most loyal customers to join us in pushing for legislation to add more transparency and disclosure in the oil markets. Please see the attached open letter from the leaders of the U.S. airline industry.
An Open letter to All Airline Customers
Our country is facing a possible sharp economic downturn because of skyrocketing oil and fuel prices, but by pulling together, we can all do something to help now.
For airlines, ultra-expensive fuel means thousands of lost jobs and severe reductions in air service to both large and small communities. To the broader economy, oil prices mean slower activity and widespread economic pain. This pain can be alleviated, and that is why we are taking the extraordinary step of writing this joint letter to our customers. Since high oil prices are partly a response to normal market forces, the nation needs to focus on increased energy supplies and conservation. However, there is another side to this story because normal market forces are being dangerously amplified by poorly regulated market speculation.
Twenty years ago, 21 percent of oil contracts were purchased by speculators who trade oil on paper with no intention of ever taking delivery. Today, oil speculators purchase 66 percent of all oil futures contracts, and that reflects just the transactions that are known. Speculators buy up large amounts of oil and then sell it to each other again and again. A barrel of oil may trade 20-plus times before it is delivered and used; the price goes up with each trade and consumers pick up the final tab. Some market experts estimate that current prices reflect as much as $30 to $60 per barrel in unnecessary speculative costs.
Over seventy years ago, Congress established regulations to control excessive, largely unchecked market speculation and manipulation. However, over the past two decades, these regulatory limits have been weakened or removed. We believe that restoring and enforcing these limits, along with several other modest measures, will provide more disclosure, transparency and sound market oversight. Together, these reforms will help cool the over-heated oil market and permit the economy to prosper.
The nation needs to pull together to reform the oil markets and solve this growing problem.
We need your help. Get more information and contact Congress by visiting www.StopOilSpeculationNow.com
Robert Fornaro
Chairman, President and CEO
AirTran Airways
Bill Ayer
Chairman, President and CEO
Alaska Airlines, Inc.
Gerard J. Arpey
Chairman, President and CEO
American Airlines, Inc.
Lawrence W. Kellner
Chairman and CEO
Continental Airlines, Inc.
Richard Anderson
CEO
Delta Air Lines, Inc.
Mark B. Dunkerley
President and CEO
Hawaiian Airlines, Inc.
Dave Barger
CEO
JetBlue Airways Corporation
Timothy E. Hoeksema
Chairman, President and CEO
Midwest Airlines
Douglas M. Steenland
President and CEO
Northwest Airlines, Inc.
Gary Kelly
Chairman and CEO
Southwest Airlines Co.
Glenn F. Tilton
Chairman, President and CEO
United Airlines, Inc.
Douglas Parker
Chairman and CEO
US Airways Group, Inc.
Today’s Oracle takes us to Jan 01, 1999 – Virgo – Monthly
VIRGO (Aug. 23-Sep. 22) — Consider for a moment how important the word “mental” is within the concept “environmental.” As time develops, I learn with greater clarity that we are what we think. We often struggle to live within a great legacy of the past, because the negative, fearful, hateful and survival-oriented mental forms of prior generations have been brainwashed, hammered, printed, imprinted and plowed into our minds since our first moments on the planet. Are your parents some shade of racist or bigot or bored shitless? Would they consider nuclear power a fair price to pay for air conditioning? Were your grandparents hung-up on what it was like during the “great” depression or “The War”? Do your relatives just love their jobs and boldly aspire to their creative dreams, or do you find yourself being insulted for pursuing what you want? While today we may exist in peace, prosperity and unimaginable potential, we remain conditioned by thoughts of battle, starvation and sacrifice. And we rarely notice that we live in a struggling biosphere at the same time. I believe that there is a clear connection between these two ideas of environment. Now comes your great confrontation with this legacy. Now comes the journey to your roots, so that you can be free of them, and directly discover a new experience of existence and coexistence. Can you imagine the celebration you’ll feel when you discover that changing your mind really does change the world? I can.
Thursday 17 July 2008
Amor (0 Gemini) sextile Aries Point (0 Aries)
Amor enters Gemini (direct)
Vesta (5+ Taurus) opposite Chariklo (5+ Scorpio)
Juno (15+ Sagittarius Rx) quincunx Ceres (15+ Cancer)
Venus (5+ Leo) square Chariklo (5+ Scorpio)
Venus (5+ Leo) square Vesta (5+ Taurus)
Hidalgo (6+ Scorpio) sextile Saturn (6+ Virgo)
Venus (5+ Leo) quintile Atlantis (17+ Libra)
Vesta (5+ Taurus) quintile Neptune (23+ Aquarius Rx)
Mars (9+ Virgo) sextile Pandora (9+ Scorpio)
Mercury (11+ Cancer) square Sisyphus (11+ Libra)
Sun (25+ Cancer) sextile Admetos (25+ Taurus)
Apollo (21+ Leo) square Sedna (21+ Taurus)
Venus (6+ Leo) square Hidalgo (6+ Scorpio)
Mercury (12+ Cancer) trine Psyche (12+ Scorpio)
Mars (9+ Virgo) quintile Hades (27+ Gemini)
Eros (3+ Leo) quintile Sedna (21+ Taurus)
Subscriber Feedback on the Tuesday’s Erotic Horoscope, the “Eriscope”
Hey Folks –
I love it! That’s my feedback for the Eriscope this week. As I have been obsessed lately with sexuality and getting my sexual needs met and the whole dance between partners to make or break that plan, I very much am behind this kind of theme in the astrological weather.
I would subscribe to some kind of a series, much like the last one you did, if anyone over there was interested in taking that on…as a woman in my sexual prime, I know that this theme is important and fun and boy do we all need support in getting our needs met!!
With love,
S.C.
Hello everyone at Planet Waves,
I am responding to Eric’s invitation to comment on the Tuesday horoscope. Nothing more intellectual than to say thank you and I appreciated it, more great astrology from you. Is it just me or or are things changing there? Getting even more in tune with the flow? Hey, maybe it is just me getting more in tune and noticing how in tune you guys already are.
Thank you,
B.