Washington, June 15 – Senators Bernie Sanders (I-Vt.), Bill Nelson (D-Fla.), Richard Blumenthal (D-Conn.), Jeff Merkley (D-Ore.), Al Franken (D-Minn.), and Sheldon Whitehouse (D-R.I.) today introduced legislation, to make federal commodity regulators halt excessive oil speculation that has driven up gasoline prices.
Sean Cota explaining that $1.50 a gallon is going to Wall Street. Our economy can not support this economic cost and balance of payments outside of the country.
Let's do something about high food and energy prices - send a message to Washington!
Visit ThreeBigReasons to
write Congress and be sure to watch this video.
COMPANIES HEDGE BETS AT A COST TO CONSUMERS
By Graham Bowley and William Neuman, May 5, 2011
The extreme volatility of commodities prices and the unpredictability that comes with it is increasing the cost of doing business for everyone. Mr. Cota typically buys oil only as he needs to supply it, he uses heating oil futures and options as a form of insurance to protect himself against unexpected jumps in prices.
CURIOUS WHY OIL, GAS PRICES ARE RISING SO QUICKLY (Video)
By David Wade, WBZ-TV April 11, 2011
..."It's a gambling casino without regulation," says Sean Cota, the president of the Petroleum Marketers Association which represents gas stations and heating oil dealers.
CANDIDATE FOR CFTC COMMISSIONER GIVES EXCLUSIVE INTERVIEW TO HEATINGOIL.COM
April 1, 2011
Last week, we reported on Vermont Senator Patrick Leahy's endorsement of heating oil dealer Sean Cota for appointment to the Commodity Futures Trading Commission (CFTC) this summer. Shortly thereafter, HeatingOil.com contacted Cota, who granted us his final interview before the president announces his official choice. In the interview, Cota discusses how his experiences as a businessman in the heating oil industry and a player in commodity markets led him to realize that the markets heating oil dealers throughout the country use to hedge their risk are in dire need of reform. He also gives a basic idea of the reforms he favors that would help give heating oil dealers a fighting chance against inflated prices and extreme price volatility. Of course, Obama's appointment of the next CFTC commissioner is months away, but the fact that a heating oil professional is even being considered is exciting news, and if he were appointed, it would be a huge boon to the industry.
GAS PRICES HIKE, LIBYA CRISIS LINK (Video)
March 7, 2011
Sean Cota talks to CBS Evening News
As gas prices continue to soar, Anthony Mason reports on where the money is going and the Obama administration's potential plan to tap into the U.S.'s strategic oil reserve.
ENERGY FUTURES: THE RISK IN SPECULATION LIMITS (PDF)
January 20, 2011
The CFTC's Gary Gensler lacks the data, and maybe the votes, to issue rules
By Asjylyn Loder and Silla Brush for Bloomberg Businessweek
WILL FUEL COST $5.00 A GALLON? (Audio)
Sean Cota talks to WKBK's Dan Mitchell about the price of heating fuel and gasoline.
CURB SPECULATION IN COMMODITIES? (Video)
Airtime: Thurs. Dec. 16 2010 | 3:00 ST ET
The CFTC is presenting proposals for new trading rules as required by Dodd-Frank, with John Kilduff, Again Capital, and Sean Cota, New England Fuel Institute.
While commodity ETF investing continues to gain steam, there are a number of perils related to commodity ETFs that are often overlooked by investors. Matt Hougan, editor of IndexUniverse.com, explains. Here is a great piece on Index and ETF funds particularly energy and metals. It includes the tax implications and contango charges. This is what Mike Masters first presented to us a year ago. If you're going to buy commodities, buy them. Don't buy an Index Fund or an ETF. They are terrible investments. If we can only get the message to the retirement fund communities, endowments and pension funds. They are the big money being taken advantage of by they people running and selling these funds.
PLATTS ENERGY WEEK 7.25.2010 (Video)
Wall St. ReformPlatts Energy Week 7.25.2010 - Joining Bill Loveless to discuss the impact of the new law on energy markets are Dan Dolan, VP of policy research and communications at the Electric Power Supply Association and Sean Cota, President of Cota Oil.
NEW
ENGLAND FUEL INSTITUTE NATIONAL AGENDA - NEFI seeks to bring
greater confidence and stability to the commodities trading markets
by advocating for full transparency and accountability, and empowering
federal regulators with the tools they need to prevent fraud, manipulation
and excessive speculation.
NEW
ENGLAND FUEL INSTITUTE COMMODITY MARKETS OVERSIGHT COALITION - CMOC participants have actively advocated for reform, and have produced many letters and other communications to the President, Congress and federal regulators. Many have also testified before Congress or regulatory agencies. Below you will find additional information on CMOC and its actions and efforts.
IS CROOKED INSURANCE STILL A PROBLEM? (Video)
Airtime: Wednesday, November 11, 2009 - MSNBC
Cota and Cota President Sean Cota discusses the need for derivative
reform with former SOROS fund manager Rob Johnson on MSNBC's
Morning Meeting, hosted by Dylan Ratigan.
IS WALL STREET STILL GAMBLING? (Video)
Airtime: Wednesday, October
21, 2009 - MSNBC tv
Speculators, not supply and demand, are driving oil prices. Senator
Maria Cantwell discusses derivative reform with Dylan Ratigan on
MSNBC's Morning Meeting. www.StopOilSpeculationNow.com
SPECULATORS
OR FUNDAMENTALS? (VIDEO)
Airtime: Tues. Jul. 28 2009 - CNBC Video
The Commodities Futures Trading Commission
says speculation could be to blame for major moves in the energy markets. Insight
with Sean Cota, New England Fuel Institute and Walter Zimmermann, United-ICAP.
CBS’ 60
MINUTES AIRS PIECE ON VOLATILITY IN OIL MARKETS
PMAA Treasurer Sean Cota and PMAA President
Dan Gilligan were interviewed by CBS for a story on volatility
in the oil markets. CBS’ 60 Minutes aired
its segment January 12, 2009.
Listen to Sean Cota's Energy Update Radio
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