$88/barrel?

[bailey3083]

http://www.bloomberg.com/markets/commodities/energyprices.html

Wow I am sure this will effect the Airlines and us also.

Bailey

 

[gutshotdraw]

Inflation adjusted all-time high is $101 a barrel reached in 1980. Just for a little perspective....

 

[bailey3083]

Inflation adjusted all-time high is $101 a barrel reached in 1980. Just for a little perspective....

That day is coming soon.

Bailey

 

[sweptwingz]

It won't effect Netjets in the least. Passengers are directly responsible for all increases in fuel costs, not the company.

 

[Outta Here]

The rich are getting richer and there are more millionaires today than ever and they won't blink at spending a few more bucks to keep the status and convenience.

 

[bailey3083]

It won't effect Netjets in the least. Passengers are directly responsible for all increases in fuel costs, not the company.

Ok yes owners at all fractionals have a fuel surcharge to pay but even though they have alot of money does not mean if the surcharge gets to a certain point they wont cut back flying or start to push some of that cost back to the fractional.

Bailey

 

[Buddro]

Ok yes owners at all fractionals have a fuel surcharge to pay but even though they have alot of money does not mean if the surcharge gets to a certain point they wont cut back flying or start to push some of that cost back to the fractional.

Bailey

Bailey,

At Netjets, the owner can't push ANY of the cost back to the company...Fuel is figured in hourly fee's and those vary from month to month (I believe). Explain how someone who own's an airplane can push a variable cost back to the company who operates an aircraft for them?

Thanks.

 

[PonchoMan]

I would be more concerned with the dollar rapidly loosing value. Because at some point once the dollar is pushed out as the main currency as the G-8 nations would like, the price of oil will be a mute point.

 

[fischman]

I would be more concerned with the dollar rapidly loosing value. Because at some point once the dollar is pushed out as the main currency as the G-8 nations would like, the price of oil will be a mute point.

sigh...

Okay. EVERYBODY pay attention.

"Mute" means to "make quiet."
"Moot" means "it doesn't matter."

"Lose" means "you didn't win."
"Loose" means "it isn't tight."

"They're" means "they are."
"Their" is a possesive meaning "they own"
"There" denotes a direction, as in "over there."

Any questions?

 

[Wiggums]

You forgot to explain effect and affect.

 

[Ludicris]

That day is coming soon.

Bailey

"Bailey", who died and made YOU the worlds leading authority on oil prices? And, what self-respecting adult still calls himself by his last name? Shouldn't this have been dropped in 9th grade gym class? Get a life, tool.

 

[RP170]

You forgot to explain effect and affect.

What about:

1) Too
2) To
3) Two

or:

4) Your
5) You're

Some more commonly misused words on FI.

 

[Photoflight]

and you forgot

decent
and
descent

 

[Wiggums]

Here's another annoying one, the correct way to spell definitely.

 

[Wiggums]

Wow I am sure this will effect the Airlines and us also.

Let me fix this one for you.

Wow, I am sure this will affect the airlines along with the fractionals.

I feel better now.

 

[RTRHD]

Are these spelling and grammar guys the ones that can't land on the centerline. (Don't tell me about English I took it five times)

 

[fischman]

Are these spelling and grammar guys the ones that can't land on the centerline. (Don't tell me about English I took it five times)

That was funny.

 

[gmorgan]

A NetJets owner contract is based on fuel at $1.60 a gallon. Each month they get a bill for anything over a $1.60 based on what NetJets average fuel price was for that month. On the Sovereign it runs about an extra $1000 to $1500 per hour.

Like someone once said, " A NetJets owner would live in a cardboard box under a bridge before they would give up flying with NetJets. "

 

[rfresh]

We have no one to blame but ourselves. This is not the first time the US has been in this situation. This is an ongoing 35 year old problem and we as a country have really done nothing to stop it. When fuel prices get high, Detroit does nothng and Washington does nothing. Just lip service.

The first oil embargo was back in the 70's - ever since then we have watched oil prices climb over the decades. Now, it's moving towards 100.00 a barrel.

And yet:

1. Detroit continues to crank out gas guzzling automobiles such as the SUV's as fast as they can because people buy them. The roads are full of SUV's with one person in them going to work. I see it everyday in Los Angeles.

2. People are surprised that the oil companies are having record profits. They've been screwing us for decades. We don't have to worry about foreign oil screwing us over, our own gas companies can do that just fine thank you.

3. And so can our farmers who grow corn for biofuel production: last year they cut their corn crop production to increase prices. Yep, we don't need to worry about foreign oil screwing us for higher prices, even our own farmers will do it to us.

4. The US uses more fuel now than at any point in our history.

5. After 35 years there is still no alternative fueling infrastructure anywhere within the US.

The sad fact is we have done nothing in 35 years to stop our dependence on foreign oil.

 

[gunfyter]

The airlines should buy Valero stock Symbol VLO. I did.