Skyrocketing Jet Fuel Costs and Possible Shor
07-06-2022, 04:50 AM
#41
Gets Weekends Off
Joined APC: Oct 2016
Posts: 325
"Citigroup is signaling crude oil could collapse to $65 a barrel by the end of the year and possibly even slump to $45 by the end of 2023, if a recession brings on a destruction in the demand for energy."
Or it goes the opposite direction if Russia stops exporting oil.
I think oil prices collapsing is more likely than oil prices skyrocketing.
Or it goes the opposite direction if Russia stops exporting oil.
I think oil prices collapsing is more likely than oil prices skyrocketing.
07-06-2022, 05:04 AM
#42
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,034
Originally Posted by DELTAFO
"Citigroup is signaling crude oil could collapse to $65 a barrel by the end of the year and possibly even slump to $45 by the end of 2023, if a recession brings on a destruction in the demand for energy."
Or it goes the opposite direction if Russia stops exporting oil.
I think oil prices collapsing is more likely than oil prices skyrocketing.
Or it goes the opposite direction if Russia stops exporting oil.
I think oil prices collapsing is more likely than oil prices skyrocketing.
07-06-2022, 06:05 AM
#43
Gets Weekends Off
Joined APC: Apr 2009
Position: Middle Seat
Posts: 1,202
Originally Posted by DELTAFO
"Citigroup is signaling crude oil could collapse to $65 a barrel by the end of the year and possibly even slump to $45 by the end of 2023, if a recession brings on a destruction in the demand for energy."
Or it goes the opposite direction if Russia stops exporting oil.
I think oil prices collapsing is more likely than oil prices skyrocketing.
Or it goes the opposite direction if Russia stops exporting oil.
I think oil prices collapsing is more likely than oil prices skyrocketing.
So PRASM is going to be at least 15% higher than 2019 and jet fuel could be at same cost if not cheaper?
07-06-2022, 06:17 AM
#44
Gets Weekends Off
Thread Starter
Joined APC: Dec 2007
Posts: 5,414
WTF happened to WTI? - https://on.ft.com/3utzPqA via @FT
The Citi Analyst is an idiot. That thesis is just as idiotic as the JP Morgan Analyst that said Oil is going to $380.
Unless all the G7 Nations come together and give out subsidies incentivising Energy companies to expand drilling and refining at a historic pace, there is Bear case for Oil. Supply/Demand curve from Econ 101 will tell you that.
Lastly, the current drop in oil is largely technical due to erratic markets(Margin Calls), slightly higher than expected inventory due to China Lockdowns, and the Holiday weekend. Added more Energy equities yesterday.
Sent from my SM-S908U using Tapatalk
The Citi Analyst is an idiot. That thesis is just as idiotic as the JP Morgan Analyst that said Oil is going to $380.
Unless all the G7 Nations come together and give out subsidies incentivising Energy companies to expand drilling and refining at a historic pace, there is Bear case for Oil. Supply/Demand curve from Econ 101 will tell you that.
Lastly, the current drop in oil is largely technical due to erratic markets(Margin Calls), slightly higher than expected inventory due to China Lockdowns, and the Holiday weekend. Added more Energy equities yesterday.
Sent from my SM-S908U using Tapatalk
07-06-2022, 07:50 AM
#46
Gets Weekends Off
Joined APC: Dec 2017
Posts: 2,767
If russia sells their oil at rock bottom prices (what theyre doing) and people buy it (what is happening) that forces "legit" oil cartels to lower their price. Also, summer driving season is halfway done, after memorial day its over and we have a recession coming.
Buy ur truck now if you can get one cheap, for 2dollar gas by december.
Buy ur truck now if you can get one cheap, for 2dollar gas by december.
07-06-2022, 08:09 AM
#47
Gets Weekends Off
Joined APC: Nov 2020
Position: Enoch Powell Enthusiast
Posts: 2,124
Originally Posted by theUpsideDown
If russia sells their oil at rock bottom prices (what theyre doing) and people buy it (what is happening) that forces "legit" oil cartels to lower their price. Also, summer driving season is halfway done, after memorial day its over and we have a recession coming.
Buy ur truck now if you can get one cheap, for 2dollar gas by december.
Buy ur truck now if you can get one cheap, for 2dollar gas by december.
Either way, I love this post. Perfect APC.
07-06-2022, 08:24 AM
#48
Gets Everyday Off
Joined APC: Aug 2016
Position: Relaxed
Posts: 6,948
Originally Posted by Trip7
WTF happened to WTI? - https://on.ft.com/3utzPqA via @FT
The Citi Analyst is an idiot. That thesis is just as idiotic as the JP Morgan Analyst that said Oil is going to $380.
Unless all the G7 Nations come together and give out subsidies incentivising Energy companies to expand drilling and refining at a historic pace, there is Bear case for Oil. Supply/Demand curve from Econ 101 will tell you that.
Lastly, the current drop in oil is largely technical due to erratic markets(Margin Calls), slightly higher than expected inventory due to China Lockdowns, and the Holiday weekend. Added more Energy equities yesterday.
Sent from my SM-S908U using Tapatalk
The Citi Analyst is an idiot. That thesis is just as idiotic as the JP Morgan Analyst that said Oil is going to $380.
Unless all the G7 Nations come together and give out subsidies incentivising Energy companies to expand drilling and refining at a historic pace, there is Bear case for Oil. Supply/Demand curve from Econ 101 will tell you that.
Lastly, the current drop in oil is largely technical due to erratic markets(Margin Calls), slightly higher than expected inventory due to China Lockdowns, and the Holiday weekend. Added more Energy equities yesterday.
Sent from my SM-S908U using Tapatalk
07-06-2022, 08:30 AM
#49
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,460
Originally Posted by theUpsideDown
If russia sells their oil at rock bottom prices (what theyre doing) and people buy it (what is happening) that forces "legit" oil cartels to lower their price. Also, summer driving season is halfway done, after memorial day its over and we have a recession coming.
Buy ur truck now if you can get one cheap, for 2dollar gas by december.
Buy ur truck now if you can get one cheap, for 2dollar gas by december.
