Originally Posted by Andy

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.



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 ...