Delta's domestic reductions.

[INOP]

Oil dips below $100 per barrel

http://www.thestar.com/Business/article/348265

 

[siucavflight]

Oil is at $100.80 right now. Just fell another $4 so far today. Talk about doom and gloom... I bet you're a blast to fly with

So its going to stay there? The trend is up my friend.
The Europeans have been paying much more then us for oil for a long time, as the Euro continues to strengthen and the dollar continues to fall our fuel prices will continue to rise.

 

[SiuDude]

So its going to stay there? The trend is up my friend.
The Europeans have been paying much more then us for oil for a long time, as the Euro continues to strengthen and the dollar continues to fall our fuel prices will continue to rise.

Not true. A barrel of oil costs about the same for European deliveries as it does for North American deliveries. It is true that European consumers pay more for refined products due to higher taxes. However, that is somewhat negated by the very weak dollar since all crude oil transactions are in USD.

 

[siucavflight]

Oil is at $100.80 right now. Just fell another $4 so far today. Talk about doom and gloom... I bet you're a blast to fly with

Yep, sure lasted for a while under 100 dollars a barrell, we will never see oil less then 100 dollars a barrell, on ocasion it may go there for a day or two, but like I said the trend is up. Most industry experts believe that it will level off at 165 per barrell.

 

[cq43vt17t]

I know that F8 is reducing their 50 seat capaticity for Delta by eliminating 8 ERJs (mostly MCO flying). However they have another 6 CRJ900s coming. I wonder who is going to be hit also with the 50 seater reductions.

 

[N2264J]

Re: Delta's domestic reductions

We had something similar go on the 70's.

In the 70s, we hit "peak oil" in the United States proper, or in other words, the downhill side of the supply bell curve.

Today, we're hitting peak oil globally. So in 2020, there will be just as much oil as there was in 1980 but since the supply is on the decreasing side of the curve, costs will increase accordingly.

If you think Exxon making several billion dollars profit in one quarter is obscene now, just wait.

 

[Tarzan]

If you think Exxon making several billion dollars profit in one quarter is obscene now, just wait.

Profit margins have remained the same at around 8%. Much of the reporting has been sensationalized by reporting gross profit instead of profit margins because BILLIONS sounds much better than 8 cents on the dollar.

 

[CFI2766]

Yup, it does appear that there are more managerial trips to the concession store in our future. The term 'store' is slightly inaccurate, as management won't be stuck with paying for the trip to the concession store; we will.

Air travel will go on, however. Folks will pay (as little as possible [as they should]) to get from point 'A' to point 'B'. For the moment, the best way to do this is by air.

 

[Max Powers]

Hate to break it to you but there is no "OIL BUBBLE". Fundamentals are clear our world can not produce anymore and OPEC is at peak production. Everyone is at max capacity and new discoveries in the gulf, russia and china are just coming online and will only help to stem the oil production resultant decrease when Saudi arabia hits there peak production about 2012.

 

[Superpilot92]

I cant wait until a viable alternative to oil is found. Nothing will drop the price of oil like a replacement for oil on the horizon!! I can just see the big oil companies faces once they realize their strong hold on the world has come to an end!