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Old 02-23-2008 | 08:18 PM
  #136  
EAHINC
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Originally Posted by ewrbasedpilot
I guess you think our management (based on what I'm reading here), has every right to make the millions they do (they earned it right, so you have no reason to complain?). I don't buy coke to get me to work, nor to move hundreds of people across the skies. Concerning oil being the most valuable? I don't think so. I think water is. I can live without oil, not without water. I also happen to own Exxon stock, but I still don't think what's happening is right. Their ex-CEO just walked away with a pension that's equivalent to probably every pilot at CAL put together. Oils price spike in the past few years is out of line with its demand. BTW, why are WE paying for increased demand in China? Shouldn't THEY be paying more for it? It's like the housing market. Look what's happening now. Oh, the prices were fine until the bottom fell out. Mark my words.............the oil companies are going to think all is well till the bottom falls out. I won't be shedding any tears for the event either. They're sitting back all fat and happy now, but pretty soon something will come along and knock the wind out of their sails. (Even the Saudis are saying the price is out of line), but it's the SPECULATORS that are causing the price spikes every day, NOT the demand. Oh, and speaking of profit sharing, had oil not been the price it was, don't you think you'd have been getting a much nicer check? Just wondering......
They are "paying" more for it. China has massive government price controls on oil. They also have ever increasing inflation crisis to go along with the price control. China is not the instant economic giant most everyone (including myself) thought when I started business in country a decade ago. China has a long list of domestic economic and infrastructure problems they must contend with in the short term.

EAHINC
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