Originally Posted by
ewrbasedpilot
Somehow I'm having a really difficult time believing ANYTHING coming out of our governments mouth concerning our oil supply. One week we have way too much, and the next we're hurting. It's turned into one big joke and it's being played on the American people. All I know is that a lot of oil people are getting extremely rich off us right now. BTW, the jet fuel "crack" spread is now over $25 a bbl which has jet fuel oil at $125 a bbl. Can't stay in business if this keeps up much more.
I agree with you there. Anything coming out of this administration lacks integrity based on their past performance. You are right about many oil business people getting rich off our backs.
That guy that wrote on this thread with a blatantly false statement that oil companies only make 10% profit is full of it. Either that or he works for the oil company. He sounds exactly like an oil company employee that I talked to last year while on one of my commuting flights. And he tries to blame Chavez in South America for our oil price crunch! Pathetic. Chavez is a Communist but he is not the culprit for this skyrocketing oil price crisis. Culprits are right here in the US, in our government and in the top management of all major oil industry corporations.
For every dollar that goes up in jet fuel price, airlines lose millions, I was told by an American Airlines finance department employee. If this keeps up, something's got to give, and it ain't the oil companies' profits, I reckon.