Originally Posted by
contrail67
Welcome to $140 oil. It will get worse unless this is fixed.
Not one of those airlines was planning this.
I got two emails from different airlines today that were up in arms about "speculators," known up until a couple of weeks ago as commodities traders. I guess it is easier to attack an imaginary threat than deal with thirty years of caving in to environmental "special interest" groups.
We havn't built a refinery since the 70s and nuclear plants are not much different. We have billions of barrels of oil domestically, but 90% of it is off limits to drilling. Worldwide and domestically demand has increased while production has decreased.
It took us decades to get into this mess and there is no quick fix.