I don't think there will be any qualified pilot shortage in the US for a very long time. Only pilot shortage that I am aware is overseas. This is why foreign airlines treat their pilots so much better.

This skyrocketing oil price is killing the airline industry. Let's hope the airline industry settles down to a steady growth period for a change from 2008 onward. I know this is a wishful thinking, but hey, it could happen. Otherwise we are all in for a roller coaster ride, unless you get off first.