forgot to bid

I completely agree with you Nu, the problem imo is it still costs us lots of money in the interim.

I think the national average price of gas will be too much for the economy to bare and you'll see the price drop. But this is early March and we're coming off the highest oil price during the month of February since 1990.

And we've still got hurricane season, OPEC meddling season, vacation demand season, dollar declining season, oil refinery explosion in Houston season and whatever else that allows speculating to become far more profitable than any other investment instrument.

Right now it's climbed to $106.31 this morning. That's $2 since it opened.

acl65pilot

Speculation sucks, write your congressmen.

Scoop

You know Buzz as a bike rider I was thinking about Charlie. Over the years I have always rooted for Lance Armstrong, although I have always been a little suspicious of his phenomenal success. I just realized something, the Tour drug testing program did not institute testing for Charlie Sheen until 2009 - After Lance retired. Do you think, is it possible, could Lance have been doping on Charlie Sheen all these years?

Scoop

Scoop

Yes - its called the law of averages. Sooner or later we were bound to be on the right side of the fuel hedge issue, and it has definitely been later.

Scoop

capncrunch

What are some of the tricks to yellow slipping for a reserve guy?

sailingfun

SWA has a application window opening. It will help if your buddy puts a recommendation in for you.
Commuting on reserve as you have found out is pure folly. It never happened before we ended up with the best reserve system on the planet. That went away in the 1113 contract. It was simply unheard of when I was a new. If you decide not to go with SWA since you now have a young child the very best advice I can give you is to pick one of the major bases and move to that area. Your life will be a improvement beyond anything you can imagine that involves a commute.
I have one of the easiest commutes around. Short flight, same time zone, 35 plus flights a day on 5 different airlines and no kids at home. Its still sucks! I would not even consider my commute with children at home under this contract.

satchip

I flew with a CA the other day and he showed me a WSJ article about airline fuel hedging. Author wrote that the hedges aren't working this time because that gas and jet A were not necessarily tracking with crude. When oil tracked down recently on news that fuel still tracked up. The article posted near the first of Mar.

As for speculation, ACL, that's the free market. Speculation can also drive the price down. Traders are just placing bets on where the market will be in the future based on a myriad of factors. One of which is (the biggest perhaps imho) is supply. We have cut off approximately 30% of US oil production though Presidential decree, in violation of a court order I might add.

We could drop the price of oil in half* almost over night by announcing and commencing exploitation of our domestic oil resources in the Gulf, ANWR, and the North Dakota/Canadian fields.

*OK, half is hyperbole. I don't know how much it would decline but I bet it would be significant.

satchip

In keeping with the spirit of the thread's title.

Apple IPads in Cockpits May Hasten End of Era for Paper Navigation Charts - Bloomberg

satchip

And for all you haters who call Mother D the Amish!

Amish Horse Team Pulls Tractor Trailer out of Snow

NuGuy

I would approve of this, if only to see the speculators lose their nuts.

Nu