Oil marches past $130 a barrel
05-21-2008, 02:57 PM
#42
Gets Weekends Off
Joined APC: Feb 2007
Position: Right Seat
Posts: 1,458
This crisis will not stop until there is an overwhelming pressure put on the government to step in. I do not believe there is an end in sight short of a full government regulation of the oil/ gas/ utility industries, which will probably never happen.
05-21-2008, 03:01 PM
#43
Gets Weekends Off
Joined APC: Jul 2007
Posts: 1,213
Let's say we increase supply by drilling more....prices drop, do you really think people will consume less? Nope. We will continue to use and waste more oil.
More oil supply will only make OPEC wealthier. They are the new cartel.
More oil supply will only make OPEC wealthier. They are the new cartel.
05-21-2008, 03:05 PM
#44
Gets Weekends Off
Joined APC: Jun 2005
Position: Retired
Posts: 2,934
http://www.bloomberg.com/apps/news?p...Q&refer=energy
Even the oil company execs say that speculation is pushing oil $60-90 higher than it should be.
Even the oil company execs say that speculation is pushing oil $60-90 higher than it should be.
05-21-2008, 03:12 PM
#45
Gets Weekends Off
Joined APC: May 2005
Position: A320 F/O
Posts: 510
The government is simply powerless, and they know it. But instead of telling us our tough choices to be made in the coming decades, they blame the oil CEOs, Saudi Arabia, and every other convenient target.
05-21-2008, 03:21 PM
#46
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Joined APC: Feb 2007
Position: Right Seat
Posts: 1,458
Has anyone done a breakdown of taking the oil company's profits and the gallons of unleaded consumed and figuring out how much less the cost of a gallon of unleaded would cost if the oil companies only made say, $10 million?
05-21-2008, 03:29 PM
#47
Gets Weekends Off
Joined APC: Jan 2008
Position: 767 FO
Posts: 396
Oil company execs telling us the high cost of oil today is due to speculation is sort of like a coke dealer telling his clients that speculation is driving up the price of coke...I don't believe it. If you can convince your clients that speculation, not supply, is the driving force behind prices, then it's easy to keep people addicted and paying more for their fix. They'll always believe the price will come back down, so they're willing to pay more today.
I'm starting to miss the good old days of $100 bbl/oil!
I'm starting to miss the good old days of $100 bbl/oil!
05-21-2008, 04:23 PM
#48
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Joined APC: Aug 2007
Position: A319 320 321 LEFT GOOOOOD
Posts: 377
http://www.planetark.com/dailynewsst...7086/story.htm
Well somebody is doing something about it.!!!!!!!
Well somebody is doing something about it.!!!!!!!
05-21-2008, 04:32 PM
#49
Gets Weekends Off
Joined APC: Dec 2006
Position: I was acquired, Not Hired
Posts: 1,784
Solar and Wind.
Surprised there isn't a solar airplane yet. I know, I need to lay off the crack, but a solar cell might be able to provide some of the electrics to the plane unloading the aircraft's generators and susbsequent fuel burn (less workload on the accessory portion of the engine burns less petro).
All right, back to my martini, sorry for the interuption.
FF
Surprised there isn't a solar airplane yet. I know, I need to lay off the crack, but a solar cell might be able to provide some of the electrics to the plane unloading the aircraft's generators and susbsequent fuel burn (less workload on the accessory portion of the engine burns less petro).
All right, back to my martini, sorry for the interuption.
FF
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