Even OPEC says Speculators play a role.
 

Oil prices near $80 a barrel
Crude-oil futures rose Monday for an eighth straight day, approaching $80 a barrel spurred by the weaker dollar and rising U.S. stocks, The Wall Street Journal reported. Crude for November delivery settled $1.08 higher at $79.61 a barrel. Oil prices have gained more than 10% in October. In a separate WSJ article, Organization of Petroleum Exporting Countries Secretary-General Abdalla Salem El-Badri said that current high oil prices weren’t due to lack of supply but to speculators, and that the cartel wouldn’t intervene or push extra supply into the market.


Hopefully they will intervene and keep oil in the $70 range or lower.

OPEC has wanted it at $70 ever since it went below that mark last year. Since then, they have manipulated the supply to create an environment that is once again beneficial to speculators. That is why it has risen fairly quickly AFTER the summer season while demand has actually dropped. If we had a true supply/demand system here, it would stay around $30/bbl with a rise of about 1-3% annually when the world economy is growing. There is no reason, other than speculators and market manipulation, that the price of oil should rise like it has the last few months when the world economy is flat if not negative. Last time OPEC got greedy and let the speculators drive the price too high. Now it looks like they will just let the speculators keep it about twice the price it should be.

You just need to think about it. The time will be coming that you will need to clearly tell the LEC's what you want.

Looks like Ship 616 (757) is going from MZJ to SAT tomorrow! I count three now.

There are three Delta 757s there now. I just got home yesterday and saw one in the hanger and two out side. Wasn't close enough to get tail numbers. If I drive to town this weekend I will try to planespot!

How long do these checks take? I'm hoping there are no new ones going to MZJ since they were only going there to avoid the cost of the heavy checks.

Well obviously buying power... BUT... I have 16 years left.. and I'll betcha that in that time, I will not see C2K rates... the bottom has been found, and it ain't coming up from there.

Oh, and speaking of bottom... SATCHIP.. THe TIDE is GOIN DOWN this weekend. Here's a couple of websites for ya :)

http://www.smilespedia.com/applicati...ama/#more-6981
http://www.volnation.com/forum/tenne...-again-vn.html


Round the bowl and down the hole.. roll Tide roll :D

There are.

Approximately 3% of our fleet will be in desert rotation (active storage) until next summer. As "less desireable" aircraft reach heavy check, they will be flown to the desert and more advanced aircraft will be pulled out and heavy checks completed. This is especially true of the 757 fleet, but the A330 fleet has a couple sitting down and the 777 fleet has an extensive modline going on.

Slow, I just find it really interesting that two of those jets were out in MZJ for less than a month before they were taken to SAT. That is a short storage period.

Ts,

I didn't know you were only 44. :D

Not that I'm trying to get to the left seat of the 75/6 or move up a number or anything. :rolleyes: