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AVIONEWS at the "Farnborough International Air Show 2008" (9): Northwest Airlines CEO and the oil crisis

Farnborough, United Kingdom - "The market is being dominated by speculators"

Joining in a chorus of criticism of financial speculation in the global market for oil, Northwest Airlines CEO, Doug Steenland, said that the final hour of trading shows how the market is being dominated by speculators. "With no single event occurring that would cause supply to decrease or demand for oil to increase, the price in the last 20 minutes of trading went up about 5 dollars a barrel as...

AVIONEWS - World Aeronautical Press Agency - 1092293

AVIONEWS - World Aeronautical Press Agency
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