Washington and National Oil Marketers Associations Decry Energy Speculators Pushing Oil Prices Up 5.4 Percent in a Day to $121.18 a Barrel

“Today’s 5.4 percent crude oil price increase to $121.18 a barrel despite decreased demand and increased supply is a clear sign that speculators continue to dominate the commodities markets hurting our national economy,” said Lea Wilson, executive director of the Washington Oil Marketers Association (WOMA). “There is absolutely no economic reason for prices to increase the way they did today,”... 

Salisbury native to lobby for petroleum marketers

Salisbury native Sherri Cabrera has joined the Petroleum Marketers Association of America in Washington, D.C., as the organization’s new director of legislative affairs. Cabrera was born in Salisbury and attended Knox Middle School before her family left Salisbury. Her father, Ed Stone, now lives in Greensboro, but her grandmother, Margaret Schumaker, lives at Salisbury Gardens nursing center....