^^^^^^^^^^^^^^^^^^^^Word!!!!^^^^^^^^^

 

Yes. But my advice would be not to try to "convince" yourself. If you do your homework on it, and still feel like you're trying to convince yourself to do it, then it's probably not a good fit for you.

 

Here's a nice bit of info.

Regardless of the fact that our fuel expense decreased $145 million, we're still keeping a cautious eye on rising fuel prices and have gone on the offensive by hedging 43% of our fuel for the remainder of the year, more than half of which are call options, capping our exposure to rising fuel prices and still allowing us to benefit from declines.

 

Johnso, I beleive they are stating that their forecast in to 2011 has oil in the 95-98 dollar per bbl range.

 

Ugh. Lets hope it's lower, but maybe we'll hedge some more and offset it.

 

Most definitely, it is time to add cost back into our contract. My point is that people shouldn't pretend that their pet peeve is "no cost" and thus should be given higher priority. At the risk of being bashed as an Interest Based Bargainer, the contract will come to a finite value and thus decisions will have to be made about where those costs go. As long as those decisions are made in a an atmosphere of facts and realities, then the MEC will make their decisions appropriately.

 

Yeah I heard about $90 by the end of the year so given the fluctuations up and down through the season my bet is we could easily see $98 in 2011.

The question remaining though is oil prices if we have a disruption out east or a couple of these in the gulf, not atlantic, but the gulf and if oil rigs not only are abandoned but severely damaged.



Although I'll throw this out there even though this is squarely in 80's astro-physics world, scientist have been researching solar sunspot activitys relationship with climate. And these aren't the folks that link earthquakes and volcanoes to car emissions fwiw Sunspot activity goes on an 11 year cycle and right now we're in the lull. They're expecting it to increase in 2012, with it hurricanes might also increase. Or maybe it'll stay low > Sunspots were rarely observed during the Maunder Minimum in the second part of the 17th century (approximately from 1645 to 1715). This coincides with the middle (and coldest) part of a period of cooling known as the Little Ice Age. Hence observations about rivers freezing over in Virginia quite often during colonial times yet you never ever see it today. Frozen Delaware river anyone?

The hurricane season of 2005 was unreal. But since its been quiet. Maybe they're right. The doomsdayers fear a return to 1800s sunspot activity that brought the northern lights very far south and could cook the massive generators in the electrical grid and burn satelites.

Fun thoughts, carry on.

 

Alfa;
Everything has a cost. The question is, is the price tag that the company has attached to it, is: 1) Market value, 2) over valued, or #) the correct value. I know that our MEC does cost these items out as to what they think they cost to error check their math. It was just a point to throw out there.

I agree, that we need to add costs back in to the PWA. It will be a cost positive agreement, and no one should think nor state otherwise. Of course it is finite, the question is and will always remain, 1) What is the number, and 2) do we beleive the company when they state, "This is it!"

I do not think that anyone argues these points. What I see is people stating not to fall in to trap X,Y or Z.

I know what I am willing to sign on for,and vote yes for, and the last place I will put that is on this board. As you know everyone "tires" to keep up with this thread. It is in many cases one stop shopping. I am not willing to let the item of Pay be marginalized on here. Talking about section 1, 12, 23 to name a few is OK, but pay and hours of service is something that should be left to direct communication to the reps.

 

FtB;
Part of the reason that speculation kills this industry.

 

That is BS. You have been selling us the concept that the contract is only worth so much since you got on this web site. Do you work for management? Instead of dividing the pie as you always suggest, how bout we tell management how big the pie is. I'm am tired of hearing you tell us we are only worth so much and we need to fight over the scraps.