Originally Posted by
mattisawesome
All this doom and gloom about the aviation industry right now is based on another industry that has proven to be just as volatile...oil. I think the oil industry is headed for a serious downturn and it won't take much to send it falling.
Eh, there's a big difference though.. The oil industry is controlled by OPEC. One fairly small membered CARTEL that sets the output of oil from each country. If they wanted to, they could put a squeeze on oil supply that would drive the price astronomically higher.
I hope you're right, but I think it's going to take a summer of DRASTICALLY reduced American driving (which has already started its decline according to AAA, some 11 billion fewer miles driven(sorry no source, heard it on the news)) amongst other unforeseen things.