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Old 03.24.2008
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Lightbulb ATA President Graves urges President Bush to release oil from reserve
ATA President Graves urges President Bush to release oil from reserve
3/24/08
Quote:

ARLINGTON, Va. — ATA President and CEO Bill Graves Monday urged President Bush to release oil from the Strategic Petroleum Reserve in an attempt to break the current run-up in crude oil prices before they further constrain the U.S. economy.

In a letter to President Bush, Graves cautioned that skyrocketing diesel prices will magnify the current economic slowdown and delay an economic recovery. Graves advocated for the Bush Administration to implement policies that will ensure a steady, affordable supply of oil for the nation’s 3.5 million truck drivers and all American consumers.

“We are very concerned that out-of-control energy prices will greatly magnify our current economic slowdown and delay our economic recovery,” Graves said. “If households have to spend their forthcoming tax rebate checks on energy, the stimulus will be significantly limited. The more consumers spend on fuel the less they have to spend on other goods or services.

Rising fuel prices have been a significant burden on the trucking industry. The industry is on a pace to spend an unprecedented $135 billion on diesel fuel this year, $22 billion more than a year earlier.

The trucking industry is experiencing the highest prolonged fuel prices in history. Historically, fuel represented the second-highest operating expense for motor carriers. For many motor carriers, however, fuel is surpassing labor as their largest expense. This ultimately will increase the cost of everything delivered by truck.

More than 750,000 motor carriers in the United States transport nearly 70 percent of tonnage carried by all modes of domestic freight transportation.
http://www.thetrucker.com/News/Stori...omreserve.aspx
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Old 03.24.2008
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There is no shortage of crude, this guy is an idiot.
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Old 03.24.2008
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Originally Posted by Ronnocomot View Post
There is no shortage of crude, this guy is an idiot.

Agree. The original intent was to have some stored oil in case it was completely cut off.
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Old 03.24.2008
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better topic would have been Graves urging Bush to retire.....
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Old 03.24.2008
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Quote:
Originally Posted by lookingup View Post
better topic would have been Graves urging Bush to retire.....
actually I was hoping it would be the other way around graves is the worst thing that trucking has that idiot hasn't go a clue bout what is happining on the trucking side of this although he sure knows all the right things to say to make big business smile!!
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Old 03.25.2008
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Quote:
Originally Posted by Ronnocomot View Post
There is no shortage of crude, this guy is an idiot.
Quote:
Originally Posted by gearjammer-2000 View Post
actually I was hoping it would be the other way around graves is the worst thing that trucking has that idiot hasn't go a clue bout what is happining on the trucking side of this although he sure knows all the right things to say to make big business smile!!



Yup Graves only proves once again why he is president of the Anti Trucking Association.


Like the article said fuel is passing labor as the highest cost in trucking. I can only dream I could pay myself what I pay in fuel.
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Politicians and diapers need to be changed often and for the same reason.

Its useless to argue with ignorance

Don't blame me, I didn't vote for the anti American crew.

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Old 03.26.2008
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re post
Quote:
Originally Posted by gearjammer-2000 View Post
actually I was hoping it would be the other way around graves is the worst thing that trucking has that idiot hasn't go a clue bout what is happining on the trucking side of this although he sure knows all the right things to say to make big business smile!!

Better Yet Oprah, Graves, and Bush are up for early retirement....
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Old 03.26.2008
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Ronno And Rex Agree
This guy is an idiot. He's an eyesore as well...
rx
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Old 04.01.2008
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I didn't know i was offending anyone
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Old 04.01.2008
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Quote:
Originally Posted by lookingup View Post
I didn't know i was offending anyone



I think it was Graves under attack not you.
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Its useless to argue with ignorance

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