Originally Posted by
Trip7
I believe we are in the verge of an energy crisis not seen since the 1970s when Nixon directed Americans to set their thermostats to 65-68 degrees to conserve energy. This could very well be a Black Swan.
I expect significant hikes to airfares in the coming months and also significant schedule cuts after demand falls off, particularly international flights and West Coast domestic flights due to record crack spreads for Diesel and Jet A
It’s like “Last of the Mohican’s” the way those kamikazee-Shaheed drones continue to impact oil infrastructure; oil holding tanks, refineries, terminals, and least of all tankers. If the red coats can’t figure out how to (cost effectively) defeat this threat, jet fuel prices will remain sky high. Worldwide demand/supply impacts domestic prices, despite how many wells the Permian can pump.