Originally Posted by
baseball
I have very good friends high up in the oil industry. Looking at over 70 dollars a barrel by end of year.
looking to go long oil, but with the Iranian nuke agreement/sanctions removal, I think that $70/bbl oil isn't in the cards for 2015 and likely not for all of 2016.
Currently, there is a supply glut. More Iranian oil coming on the world markets only exacerbates that glut.
If you want to see the glut in the numbers, start digging up oil storage numbers. Worldwide, land storage capacity is starting to get thin and arbs are buying up floating storage when the numbers make sense. Even after shale oil production falls steeply, there is so much oil in storage that prices aren't going to move up very quickly unless worldwide demand picks up significantly.
Originally Posted by
Probe
Exactly. Count the new bodies on the 76T IAH, and the "surplus" of 756 pilots, and we have a winner. Do I like it? Nobody cares if we like it. It is what it is. Too many DEN 320 and 76T pilots? Count the number of 737 pilots in DEN.
Real easy math. Does it all make sense?
Where is that bottle of JD I left laying around?
Our job is to move metal from point A to point B, not decide base staffing. If a pilot wants to 'manage' the airline's staffing, they need to get out of the cockpit and start working in Willis tower.
I didn't like to see the SEA closure but bean counters with spreadsheets in Willis Tower decided that those assets would be more profitable if redeployed to other hubs. Speaking of which, where was Kilder's rage over the SEA closure? ... crickets ...