The opinion of a credible source:
"T. Boone PIckens said, a couple of years ago, that oil would go to 100 dollars per barrel. Everyone said he was crazy. Now Goldman Sachs predicts 150 to 200 dollars per barrel in 2 years.
If this happens, that will probably be the end of the airlines if for no other reason than people won't be able to afford to drive to the airport, much less anything else. Nobody with any money rides on airliners anymore, anyway, since they've all gone to fractionals and other private jets. The chicken dancers will have to go back to trains and busses, where they will find the TSA waiting for them with electrified rectal probes, full body x-ray scans, etc.
The airlines, even as we see them today, may be history already."
|