Oil hits $140!!!
06-27-2008, 11:30 PM
#81
Gets Weekends Off
Joined APC: Jan 2008
Position: 767 FO
Posts: 396
Probably the most troubling thing we're seeing w/ oil right now is, despite a slowing economy, oil prices are rising. Usually a slowing economy translates into cheaper oil prices...that is not the case here, which makes the current situation quite unique.
Usually a reduction in demand domestically spelled relief at the pump for the average American, but today there are just too many developing countries out there that have an insatiable desire for oil. During previous tough times, worldwide demand for oil was not even close to what it is today.
Bottom line: we're living in different times, it's awfully tough to predict the future here because there has never been a precedent in human history for what we're experiencing right now. This is uncharted territory for all of us.
Usually a reduction in demand domestically spelled relief at the pump for the average American, but today there are just too many developing countries out there that have an insatiable desire for oil. During previous tough times, worldwide demand for oil was not even close to what it is today.
Bottom line: we're living in different times, it's awfully tough to predict the future here because there has never been a precedent in human history for what we're experiencing right now. This is uncharted territory for all of us.
06-28-2008, 05:37 AM
#83
Retired
Joined APC: Feb 2008
Position: whale wrangler
Posts: 3,527
Originally Posted by Herkulesdrvr
140 dollar oil? By September it will be 160 maybe 200 dollar oil. Its not going to go down. Does anyone know of a transitional career for an airline pilot? The writing is on the wall I would say.
06-30-2008, 04:01 AM
#84
Gets Weekends Off
Joined APC: Oct 2006
Position: Corporate
Posts: 222
Originally Posted by Herkulesdrvr
140 dollar oil? By September it will be 160 maybe 200 dollar oil. Its not going to go down. Does anyone know of a transitional career for an airline pilot? The writing is on the wall I would say.
Yes, look to the Oil and Gas Sector......
More Exploration and Drilling means More Jobs....
High oil prices are a new pipeline for prosperity in Houston
06-30-2008, 12:37 PM
#85
Line Holder
Joined APC: Apr 2007
Position: CJ4
Posts: 63
Originally Posted by The Duke
Probably the most troubling thing we're seeing w/ oil right now is, despite a slowing economy, oil prices are rising. Usually a slowing economy translates into cheaper oil prices...that is not the case here, which makes the current situation quite unique.
Usually a reduction in demand domestically spelled relief at the pump for the average American, but today there are just too many developing countries out there that have an insatiable desire for oil. During previous tough times, worldwide demand for oil was not even close to what it is today.
Bottom line: we're living in different times, it's awfully tough to predict the future here because there has never been a precedent in human history for what we're experiencing right now. This is uncharted territory for all of us.
Usually a reduction in demand domestically spelled relief at the pump for the average American, but today there are just too many developing countries out there that have an insatiable desire for oil. During previous tough times, worldwide demand for oil was not even close to what it is today.
Bottom line: we're living in different times, it's awfully tough to predict the future here because there has never been a precedent in human history for what we're experiencing right now. This is uncharted territory for all of us.
07-08-2008, 12:23 PM
#87
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Joined APC: Apr 2007
Position: 73N CA
Posts: 474
Originally Posted by dozer
Well put Duke. We are 6 percent of world population. High oil is here to stay.
07-08-2008, 12:28 PM
#88
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Joined APC: Oct 2005
Position: CR7 Capt
Posts: 1,621
Originally Posted by Rhino Driver
And we consume 25% of the world oil output. Well past time for a sound energy policy that gets us off our foreign oil dependency. Read something not to long ago about the USAF testing a 100% synthetic jet fuel. Supposedly they claim to be operating with this new fuel by 2015. Anyone else read anything on this? Any links out there?
07-08-2008, 12:46 PM
#90
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Joined APC: Apr 2007
Position: 73N CA
Posts: 474
Originally Posted by ERJ135
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