Oil marches past $130 a barrel
05-21-2008, 07:01 AM
#11
Gets Weekends Off
Joined APC: Feb 2008
Position: 757/767 FO
Posts: 847
Might be time to revisit this classic.
Think the flying public would wear a lead suit in exchange for a $50 ticket?
http://www.aviation-history.com/arti...e-american.htm
Think the flying public would wear a lead suit in exchange for a $50 ticket?
http://www.aviation-history.com/arti...e-american.htm
05-21-2008, 07:01 AM
#12
Gets Weekends Off
Joined APC: Sep 2006
Position: B737 FO
Posts: 138
We all need to take the long and hard look at what our lives will be like under $10 gasoline and make changes now. As pilots we all have a lot hanging on the availability and cost of fuel. Perhaps it is time to start looking at other career fields? Railroad engineer or Greyhound bus driver perhaps?
Skyhigh
Skyhigh
05-21-2008, 07:10 AM
#13
Self Employed.
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
05-21-2008, 07:11 AM
#14
Moderator
Joined APC: May 2006
Position: ATP, CFI etc.
Posts: 6,056
Lawmakers should look seriously now at a major project to get renewable energy established in this country. We are behind other advanced nations already in this regard. I don't fault lawmakers for putting off renewable energy while times were ripe for cheap oil, but the end of that is now in sight if not here and evidence is stacking up that oil is going to get rapidly more expensive with no going back to the lower prices ever again. It looks to me that it is now the time to invest a ton of taxpayer money into renewable energy with bated breath as to whether there will be problems for waiting this long to do it.
05-21-2008, 07:18 AM
#15
Banned
Joined APC: May 2007
Posts: 698
If that is true, then it is after it is moving, so it is using it's momentum to travel. How much do you think it actually takes to get going?
05-21-2008, 07:40 AM
#16
On Reserve
Joined APC: Mar 2007
Posts: 14
I said yesterday that we should all start to become familiar with the concept of peak oil. There a few websites that have pretty good information. I found this one pretty helpful.
http://www.omninerd.com/articles/What_You_Need_to_Know_about_Peak_Oil
Unfortunately you'll find a lot of wackjobs out there promoting doom and gloom porn, but the basic argument actually is quite salient. Whether we are at the production peak, or just getting very close, the effects are certainly starting to be felt.
Drilling domestically, while a great idea, isn't going to cut it. ANWR should be opened up, no reason not to, same thing with the outer continental shelf, but these need to be put into perspective. Someone said yesterday that these would at most put a million bbl per day back on the market. I've heard lower, but lets go with that. Domestically we produce about 5 million barrels per day, and it declines every year because of old oil fields. Even discounting declines, we would at most produce 6 million bbls per day. We consume close to 21 million... see where the problem is, We are hostages to our own consumption.
http://www.omninerd.com/articles/What_You_Need_to_Know_about_Peak_Oil
Unfortunately you'll find a lot of wackjobs out there promoting doom and gloom porn, but the basic argument actually is quite salient. Whether we are at the production peak, or just getting very close, the effects are certainly starting to be felt.
Drilling domestically, while a great idea, isn't going to cut it. ANWR should be opened up, no reason not to, same thing with the outer continental shelf, but these need to be put into perspective. Someone said yesterday that these would at most put a million bbl per day back on the market. I've heard lower, but lets go with that. Domestically we produce about 5 million barrels per day, and it declines every year because of old oil fields. Even discounting declines, we would at most produce 6 million bbls per day. We consume close to 21 million... see where the problem is, We are hostages to our own consumption.
05-21-2008, 07:41 AM
#17
On Reserve
Joined APC: Mar 2007
Posts: 14
As a result of that, we rely on other nations exports. Think Canada, Mexico, Valenzuela, Russia, and Saudis. With oil north of $100/bbl these nations are receiving a huge windfall in revenue, which, depending on how stable they are, is going directly into their economies. That causes their economies to grow, which causes them to increase domestic oil consumption which interns leaves less to export to nations like us, which according to supply and demand, causes oil to go up further. ‘Peak exports’ is what some like to call it. Look up export land model, better description than mine.
These are the facts, everything else is just noise. If you DONT have a plan do deal with $10 gas, you'd better make one fast. And if your airline doesnt have one to deal with $200-$300 oil you might want to think about future employers...
These are the facts, everything else is just noise. If you DONT have a plan do deal with $10 gas, you'd better make one fast. And if your airline doesnt have one to deal with $200-$300 oil you might want to think about future employers...
05-21-2008, 07:54 AM
#18
A moment please...
Joined APC: Sep 2007
Position: Just passin' thru
Posts: 769
Might be time to revisit this classic.
Think the flying public would wear a lead suit in exchange for a $50 ticket?
http://www.aviation-history.com/arti...e-american.htm
Think the flying public would wear a lead suit in exchange for a $50 ticket?
http://www.aviation-history.com/arti...e-american.htm
05-21-2008, 08:03 AM
#19
Self Employed.
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
05-21-2008, 09:08 AM
#20
HOSED BY PBS AGAIN
Joined APC: Mar 2005
Posts: 1,713
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