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Old 07-10-2008 | 09:35 AM
  #34  
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captainkudzu
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Joined: Dec 2005
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From: Citation
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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.
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