rickair7777

Hopefully this is the "frothing" before the bubble pops. Wild swings usually do not indicate price stability.

mulcher

Right on Grem...but how about Jerry Springer or Rachel Ray...lol.

Herkulesdrvr

Once again oil is a Commodity that is traded on the open market. Why people stress about this when they have no control over it is beyond me. Find a hobby guys.

JerrySpringer

You know who I prefer.

Take care of yourself, and each other.

CVG767A

I'm not so much stressing as just discussing. We have no control over it, but it sure affects us. We discuss the weather for the same reason.

I think this bubble will burst; it's just a matter of when. If the high prices persist until the end of the year, the weaker carriers out there will disappear. This will ultimately lead to a healthier airline industry. The bubble bursting now would help us in the short term, but would leave us with the same sick industry we've had for years. The industry would eventually rationalize, but it would take years.

The Duke

I think here at some point the bubble will burst and oil will come back down to $120/bbl.

Everyone knows in their gut that the days of cheap oil over. I agree w/ SkyHigh, the dollar is likely to get weaker, not stronger. Every argument I've seen blaming speculation for high oil prices claims the weak dollar is the culprit. Yet no realistic discussion from these same folks about where the value of the dollar is expected to be in the future. I find that interesting.

acl65pilot

I would suggest doing a little research on Oil and the Dollar. We actually do not want an over valued dollar. Fact, many countries are LOOSING manufacturing jobs to the US. Why? Well, we are cheaper than them. Guess what? We are getting jobs back that we had lost to Mexico, China, etc. That is a good thing for the country. No economic stimulus package could do what a slightly weaker dollar will do.
Look at the dollar against the Yen. It is off its High of 118 yen to a dollar to about 105 to 106 depending on the day. It is in a more normal range. After all of the craziness of the last few years, our dollar is correcting itself. It will go up again and come dowe. It is a cycle.
The same goes for oil. Has any thing constantly traded near its all time high. This like everything else will pass. There is a fine line here that cannot be crossed. If we go to far, we will actually do something more than a few studies about alternative energy. Trust me having 5-8 point swings in the value of anything (except junk bonds) means a very unstable market. Oil will probably set a few more records, but the fact is that it is more likely to drop than continue to climb.
My .02

Spaceman Spliff

With or without Rosie? That is the question...

Spaceman Spliff

Problem is...the oil companies have been buying alternative energy ideas/patents for decades, so they can sit on them until the oil is gone. As long as they're making record profits--and they will continue to do so with oil at any price--they will actively squelch the implementation of alternatives.

UnlimitedAkro

You guys are making a big deal of the "record" $5 rise from yesterday...

Dont watch the news now, but oil is up $9 already today as for 1:35pm