Originally Posted by
Superpilot92
Agreed, i find it pretty ironic that the only people that say it isnt speculation are the financial institutions and investors that are making lots of money off of the one thing in the market they THINK they can count on. The more the financial institutions tell everyone that oil will go up and hit 200 a barrel the more that gets investors to buy in, raising the price. If someone said they had the lotto numbers for tomorrow would you go buy a ticket?
Bottom Line is SOMEONE or SOME GROUP is making money from all this. If the entire country is paying for such an enormous price for fuel, that money has to be going to someone.
Like I said, I'm not an expert, but if the majority of fuel is traded 10-15 times before any physical delivery is taken, do you really need to be an expert to see what's going on.
bbtp,
I'm not sure what you do for a living, but imagine one day your bottom line dips steeply in the red because all you finances are being swallowed up by your production/service costs. Right now, airline pilots are just a large slice of the American public who in a few months won't be able to afford to drive to work anymore.