TAKE ACTION ON OIL

To All Airline Employees:

TAKE ACTION ON OIL

As oil rose above $100 a barrel, airlines started parking planes. It has
accelerated in recent weeks. What prompted this sky high rise? Much of it can
be attributed to speculation. Oil speculators don't have the same federal
regulatory oversight that other commodity traders do. In 2000, Enron hired
lobbyists who successfully got Congress to change regulations governing energy
trading. Computerized energy trading is exempt from the regulations that cover
other commodities. It's officially called the Enron Loophole.

Contact your Congressman and ask that they support H.R. 4066, The Close the
Enron Loophole Act  to prevent speculators from manipulating the oil market.
Increased oversight would help eliminate unnecessary crude oil price
inflation and rein in prices at the consumer level. A Congressional study in
2006 estimated that as much as $20 per barrel came from speculation and that
was when oil was trading at $70 a barrel.


This giant loophole was quickly and successfully exploited by Enron with the
energy crisis that hit California with rolling blackouts, stratospheric
electricity prices and huge profits for Enron. The day of reckoning came for
Enron, but the loophole is still there.

In 2006, hedge-fund Amaranth manipulated the natural gas futures market to
make money using the loophole.  In both cases, consumers were hurt. It's time
that this loophole that shields these unknown speculators is closed.

A House and Senate conference committee is now reviewing the Close the Enron
Loophole Act. It passed the Senate unanimously. Now it must pass the House.

You can find your Congressman at www.house.gov. CALL NOW. Don't email, don't
fax, don't write. CALL--it is the MOST effective way of getting your message
across.

Follow this link for info:
http://thomas.loc.gov/cgi-bin/bdquery/z?d110:HR04066:@@@L&summ2=m&
http://tomallen.house.gov/index.cfm?ContentID=813&ParentID=4&SectionID=15&SectionTree=4,15&lnk=b&ItemID=794

Pass this information along.

Jean Marie Cinotto
Delta Flight Attendant