Oil prices
 

https://cms.zerohedge.com/s3/files/i...?itok=uFtP64vD
Anyone glad we own a refinery? Check out the crack spread. More than the cost of oil rn. Flex fleets look like endangered species if this trend doesn’t reverse soon.

Does owning refinery help company in this situation? I was always told big D bought the refinery to hedge against this exact scenario.

That's my question as well.

Furthermore, if the price of crude is through the roof, how much does owning a refinery help?

How long until sanctions on Russia are lifted to bring those prices down?

The black swan is flapping her wings.

I would suspect that if this war/engagment whatever you want to call it continues, and oil prices stay high, hiring at this airline is going to come to a stop. Unfortunately, less fuel efficient airplanes will be parked and no backfill or MDs off them.

I agree we’d probably park some older airplanes, but hopefully the fact that we’re so woefully understaffed we’d only quit hiring and not flirt with the F word.

There is no way the world lets the Iranians control the Straight of Hormuz long enough for this to turn in to an energy crisis. The spike in prices makes sense in the short term, but I just don't see it lasting very long. Neither can Iran maintain a fighting position very long. Anyone who's been following along the last few years knows that they are woefully lacking in resources, chiefly water in their largest cities. Any money they were given has long since been plundered and the IRGC is a bunch of fragmented militias who don't favor the installation of a nepo baby Ayatollah (because it is actually against the 'rules'). So there will be a lot of infighting now amongst themselves now, too. It is a Middle Eastern version of Venezuela in almost every sense, albeit more propped up by China and Russia, but that has already shown signs of retreat, too. China's defense weapons (bought by Iran) have failed on the world stage so they're likely to want to stay out of the fray because it is proving to the world's defense sector that their hardware is inferior. And Russia is completely underwater with their own mess in Ukraine.

Anyhow, lots to discuss on that topic, but I just don't see this one lasting too long. Especially as it relates to energy costs.

LOL

<filler>

Good grief. Do you care to actually offer something?