Oil breaks key support level!

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07-29-2008, 09:38 AM

#21

Whacker77

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Thread Starter

Joined APC: May 2007

Position: CFI

Posts: 416

Quote:

Originally Posted by gsphuntr

First the tech bust, the housing bust, and now hopefully the oil bust - I wonder what the next irresponsible speculator investment will be lets just hope it's not BEER!

Things always come in three's. Third time's a charm. The third bubble to burst will be the one that serves investors and consumers extremely well.

07-29-2008, 09:43 AM

#22

papacharlie

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Joined APC: Jan 2008

Posts: 335

I wonder what the airlines will do if oil prices fall below $100.00.Do you think they will keep grounding planes or they will start growing like they've planned a year ago?

07-29-2008, 09:49 AM

#23

USMC3197

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Joined APC: Jul 2008

Position: crj-200 FO

Posts: 479

Quote:

Originally Posted by papacharlie

I wonder what the airlines will do if oil prices fall below $100.00.Do you think they will keep grounding planes or they will start growing like they've planned a year ago?

hedge fuel!!! hedge like crazy.

07-29-2008, 09:49 AM

#24

gsphuntr

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Joined APC: Jul 2008

Position: Reverse cowgirl

Posts: 245

All growth will do will add suply which will keep ticket prices down which keeps pay down - How can airlines justify pay increases when slime balls in their pjs and wife beaters are flying coast to coast for 100$. I don't know what is better at this junction...For the sake of all our jobs growth is good but it's like a double edge sword.

07-29-2008, 09:51 AM

#25

tomgoodman

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Joined APC: Feb 2006

Position: 767A (Ret)

Posts: 6,248

Slow learners and fast forgetters

Quote:

Originally Posted by papacharlie

I wonder what the airlines will do if oil prices fall below $100.00.Do you think they will keep grounding planes or they will start growing like they've planned a year ago?

If history is a guide, they will sell their hedges, expand wildly, run up enormous debts, and grant all executives a bonus.