109 dollar oil!
 

Fasten your seat belts its going to be a bumpy ride !


There are old pilots and bold pilots but NO OLD BOLD PILOTS .

Are you saying we should reduce to maneuvering speed?


Someone please proof read me...

Goldman Sachs consultants expect the barrel to reach $200 in coming years. Records are set and broken daily - and I would not be surprised to see gasoline reaching a $5.25 average by the Memorial Day weekend.

Our government needs to step in and do something NOW. But through history we have almost always been re-active instead of pro-active with our economic situation.

What is the answer? I don't know. But if you do, or you even have ideas - do something about it. Write your congressman, petition a board of investors; do whatever it takes. National unity is the only way to overcome this recession.

First I'm not flaming you I'm just quoting you because I think you make a point that alot of people make. What is the government supposed to do? The last thing we want is the federal government regulating anything (remember the old airline days). We as Americans consume more gasoline than any country in the world and yet we have the arrogance to think we should pay less for it? Isn't that bizzaro economics? Up is down, left is right, demand more supply and pay less for it? Right now Europeans pay about 2.3X the rate we do just based on taxes alone. So if the solution is to take out all the taxes on gas you would probably see a significant decrease at the pump. Now the question is how do you pay for all those programs?

Hopefully since oil is getting this expensive the time will finally come that we find a replacement. In the past oil was so cheap we didn't need to look for an alternative, times are changing. Nothing would be greater than the day an alternative is found and the Oil companies start freaking out because their precious strong holds are no more.

Now that would be nice. Love your avatar by the way.

It also doesn't help we are depreciating the dollar in so many ways lately. Between poor lending and the fed "saving" banks by pumping money into the system, the value of the dollar just keeps going down, contributing to the present upward trend of oil.

Now we just need to start raising prices and seriously cutting capacity (yes, loosing aircraft). Like it or not, that's where we are going next.

Checko

We also do more, militarily, than europe to secure a steady supply of middle east oil. I do not shed a tear for europeans paying more than we do.

I was listening to a contrarian point of view yesterday and the individual suggested that because of a very expensive operation (just west of Iran) the US government actually benefits from expensive oil. The argument was that the tax rate on Gas and similar oil products is at round %30. So, higher prices yield higher gross revenue from taxes according to him.

At any rate the benefit of pay for departure changes significantly when variable costs change (oil). It will be interesting to see how airlines deal with the increased costs.

Well if the aircraft is loose then tighten it up.:)

Sorry but it was way too easy.