Originally Posted by 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!

Originally Posted by KC10 FATboy

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

-Fatty

Originally Posted by 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?

Originally Posted by The Duke

I 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.

Originally Posted by jungle

This statement demonstrates a serious fundamental lack of economic understanding that can't be cured here, and where are the experts? The same place they have always been, sometimes right and sometimes wrong.
They only have to be right a little more than half the time to make money. The markets are going to move and we can't stop them with insults or flailing out with half baked theory.



The voice of reason.

Originally Posted by ewrbasedpilot

Interesting comments. Common sense is considered "lack of economic understanding?" Amazing how many BRILLIANT people were totally hosed over by Madoff too, isn't it. I guess all those millionaires demonstrated a serious lack of fundamental investing too? Sorry, but I don't think so. Some (such as yourself) seem to always have a "theory", and if we don't agree with it, then we're uneducated. My Masters in business (3.6 GPA), says I'm not as stupid about business and economics as you might think I am..................

Originally Posted by QCappy

However, demand has been falling faster than the supply cuts. So....I guess it does have to do with supply and demand.