Finally, could be witnessing the undoing of Commodity Modernization Act of 2000
The act deregulated derivatives ... incl. commodity swaps. I've been posting for years the proposes and implemented changes in the regulations. The changes, though incomplete, may have reached a critical mass, as I posted over the last few months. The 5 year delay has been painful for the multitudes. If it is finally happening, one has to ask, why the delay in addressing FUBAR.
One thing for the airlines, they evolved to cover costs regardless. This will just grease their path.