alvrb211

There's a few airlines that are completely unhedged at the moment. They must be loving it!

Who knew?

Not even SWA or BA!

AL

proskuneho

I don't have much to add other than my two rants on a similar thread.

http://www.airlinepilotforums.com/ha...t-history.html

G-Dog

Well, at least when our country goes into the ground, we will have cheap gas for those vehicles that can't be built here cause we have manufactures that can't run a company and expect me to bail them out of their mess.

Other than that, I am a happy person.

ewrbasedpilot

So you're saying their has been a 75% drop in demand? I don't hardly think so. It now appears we have quite a bit of "excess" refining capacity again. Funny how that happens, isn't it?

QCappy

No. A 75% drop in price does not equate to a 75% drop in demand. The two are not linear.

KC10 FATboy

QCappy, don't bother arguing with that guy. You are in a battle of wits and he is completely disarmed.

-Fatty

EmbraerFlyer

Why are the airlines charging for bags still. As a paying passenger i would be very upset because it all came to life via fuel surcharge. Now fuel is down to $36 per barrel. Why are the passengers still paying? If they don't complain it will become the norm, just like no more snacks and as far as paying for a soda and water!

TCMC17RES

Heck, why stop there, lets just let them all fly for free. Maybe we can take some pay cuts to support it even.

The Duke

I'm not an "oil expert" by any stretch of the imagination, however, many of my posts here have been centered around the concept of peak oil and that we've reached peak production. I also mentioned in several of my posts that the only way oil prices would come down would be due to an economic recession/depression. That's exactly what we're seeing right now. Also, the last 6 recessions all started out w/ a sharp rise in oil prices. Significant amounts of oil are needed for production of goods, but quite a bit is also used for transportation of goods as well. The recession has stifled demand, we no longer need to use as much oil to produce and transport goods, hence the falling price of oil. This might be an over-simplification of the situation, but it's how I see it. As the recession gives way to better times, production and demand will rise, causing oil prices to begin their up-hill march. Remember, from what we've all seen, the price can go up real quickly, but it can also fall precipitously. Oil prices will once again go up, how much is anyone's guess, but they'll be back sooner rather than later. The only thing that would hold off prices from rising much would be a severe economic recession (which we might already be in) or an economic depression.

ewrbasedpilot

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