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

Article from:
U.S. Newswire
Article date:
July 24, 2008
Copyright

To: TRANSPORTATION EDITORS

Contact: Elizabeth Merida, +1-202-626-4205, or David Castelveter, +1-202-626-4033, both of Air Transport Association of America

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 ...

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