Originally Posted by ewrbasedpilot

Today oil shot up $4 a bbl and briefly crossed the $100 mark again. This is going to KILL aviation unless something is done to curtail this insanity. When oil companies are raking in $40 BILLION in profits for a quarter, something is definitely wrong with the picture. At CAL, every $1 increase is another $44 MILLION off the bottom line, or over $176 MILLION off the bottom line just today!!! I hope the oil companies/speculators, and Saudi's are happy with what they're doing to everyone. I just wish our government would grow some balls (even tiny ones would help) and say enough is enough and start going after the speculators who look for every little nuance to push the price ever higher. But, since we're beholden to the middle-east and special interest groups, that will never happen and the consumer will be blamed for using too much. My guess is that "recession" will be a mild word for what's going to really be the end result. The average american can't afford to fill up their gas tank much more if this keeps up. I guess those poor people getting an "economy stimulus rebate check" are salivating while waiting for a few more dollars to fill their tank. Meanwhile, the oil people are laughing their way to the bank................. Flame away..............