ABC NEWS SPECIAL "OVER A BARREL: THE TRUTH ABOUT OIL"

Watch ABC’s 20/20 presentation "Over a Barrel: The Truth about Oil," online. Charlie Gibson hosted the hour long program which provided an overview of the petroleum industry. To watch go to: http://abcnews.go.com/2020/ and scroll down under the box in the middle of the page titled “Watch Fridays at 10 ET” to the July 24th show. 

WPMCA member Mike Willkomm of Willkomm Cos. Was featured in a recent article in the Milwaukee Journal Sentinel.  The article is part of a series of stories on how people are dealing with the tough economy.  To read the story, visit:  http://www.jsonline.com/news/wisconsin/45967272.html

New Study Shows Raising the Tobacco Tax Will Not Reap Desired State Revenue…May lead to other unintended consequences.

• Tobacco Study Press Release
• Wisconsin Tobacco Study

Madison, Wis. (April 8, 2009)

The Wisconsin Petroleum Marketers & Convenience Store Association (WPMCA) is proud to announce Jack W. Sobczak’s appointment as chairman of the organization’s board of directors.

Sobczak is general manager of sales and marketing with Lakeside Oil Company, Fox Point, Wisconsin, where he has served for nearly 30 years. Sobczak brings additional industry experience from his tenure as assistant district manager of Amoco Oil.

“Representing the interests of our members is a great honor,” said Sobczak. “As chairman of the WPMCA Board, I will work to protect our local communities’ small businesses. The first order of business is making sure our legislators understand the negative ramifications of the proposed Oil Franchise Tax. And then we’ll move on to the other issues facing our industry.”

Sobczak is no stranger to leadership positions. He is a past president of both Milwaukee Oilmen’s Club and the Green Bay Montessori School. He also served in the Air National Guard, 128th Air Refueling Wing.

“60 Minutes” recently aired a report on the dramatic volatility in petroleum prices experienced in 2008 due to inadequately regulated futures markets.  CBS News interviewed PMAA President Dan Gilligan and PMAA Treasurer Sean Cota for this story.  Also, CBS news taped segments of meetings conducted by the Petroleum Marketers and Convenience Store Association of Kansas where future market reform was discussed.  The timing for this story was excellent because the 111th Congress has already begun work on legislation to improve futures market oversight.

http://www.cbsnews.com/video/watch/?id=4713382n

lSpeculators and investment banks can
game the energy trading markets, usingloopholes in commodities law to  drive up the cost of energy and reap record profits… at the expense of American families and small businesses!