Originally Posted by
Timbo
My WAG is about $2.5 Billion pizzed away in fuel hedging, which is why they want to focus on the $48 million in sick leave abuse.

Lets be fair here. Did ANYONE think oil/fuel prices would drop this low????? Look at it this way, we'll lose a billion or so in hedges but gain several billion in savings on the spot fuel prices we're paying now. Sounds like cheap insurance to me. Kinda what hedging is all about I'd say. J Graham said for every penny fuel prices change, its a 40 million difference. I think we're paying about $1.30 less a gallon than last November, which equates to about 5 billion less annually! And it has nothing to do with sick leave abuse(but you already knew that)
Does everything have to be so negative and confrontational? And no, I'm not a company shill, just tired of the same old rhetoric. Think I'll leave again
Signed,
A no voter and big supporter of the current path.