Delta's domestic reductions.

[siucavflight]

Doubt it. The market will adjust to the current fuel prices. Once the oil bubble pops, the industry will be wide open again unless the unthinkable happens again.

Oil bubble, what a joke!!
Here is also where I think that the top will be
http://www.moneymorning.com/ppc/oil_187_jh8.html?gclid=CKuah5rjvJICFQGIPAodiDhsLg

 

[veneratio]

Don't forget that the dollar is backed by oil for all intents and purposes, so, when the dollar recovers sometime down the road, the price of oil will decline. So, yes, the bubble will pop.

Could not agree more. Oil producers sell their product in dollars. Every time the dollar falls against the Euro, oil prices go up. When the dollar gains it's value around the world, then the price of oil will go down. Until that happens, we are screwed.

 

[USCtrojan]

Could not agree more. Oil producers sell their product in dollars. Every time the dollar falls against the Euro, oil prices go up. When the dollar gains it's value around the world, then the price of oil will go down. Until that happens, we are screwed.

Analysts are stating the oil market is being driven by speculators. Hopefully that will change soon. We've seen a slight decline, hopefully we'll see a bigger one.

Trojan

 

[~~~^~~~]

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

Yes, but if you are right, Exxon is literally in liquidation as we ponder the question.

 

[BoilerUP]

Oil bubble, what a joke!!
Here is also where I think that the top will be
http://www.moneymorning.com/ppc/oil_187_jh8.html?gclid=CKuah5rjvJICFQGIPAodiDhsLg

Glad to know your opinions on commodity prices are based upon such objective, non-interest driven "facts" as those provided by people that stand to profit off $187/bbl oil...

 

[siucavflight]

You are right, there is a big oil bubble, the price of oil will be down to 60 dollars a barrel in no time.

 

[Smarta$$]

So you all seem to know for a sure that the dollar will get stronger. Can you give me those dates so I know when to invest in the dollar. Also, can you give me the date of the bubble burst so I can bet against oil?

You don't know anything.

 

[Morning Wood]

Analysts are stating the oil market is being driven by speculators. Hopefully that will change soon. We've seen a slight decline, hopefully we'll see a bigger one.

Trojan

True story. People out to make a quick buck like all the people who got into the house flipping frenzy. Look at where that kind of loan insanity got us.

MW
ASU Sun Devil

 

[BoilerUP]

You are right, there is a big oil bubble, the price of oil will be down to 60 dollars a barrel in no time.

Never said that; we may see $80/bbl but thats where I see the absolute bottom being.

Oil will, inevitably, go upward of $200/bbl.

That said, I do not think it will go that high in the near future without a major terrorist attack on our nation's oil and/or financial infrastructure, or full-fledged shooting war with Iran.

Oil is high not because of a lack of immediate supply, its because of speculators betting on geopolitical unrest and the weakness of the currency that oil is traded in. Of course demand in China and India and Russia has driven up price, but supply-and-demand fundamentals DO NOT support anywhere near the current price per barrel.

And Smarta$$ I can't give you dates but all you have to do is look at, oh, the last 50 years or so of history. Things will never be the way they were but this, as everything else has, will pass.

I may not know anything, and I only have a degree in aviation, but I can watch Bloomberg and read the WSJ and figure out what is really going on. If this schumck can do that, anybody can...

 

[jetflyer]

I think oil prices may be going higher.......... Just a hunch.

 

[N2264J]

Re: Delta's domestic reductions

Yes, but if you are right, Exxon is literally in liquidation as we ponder the question.

What I was trying to say, somewhat inarticulately, is that 20 years from now, there will be about the same amount of oil available as there was 20 years ago.

Peak oil means we're at the top of the bell curve. But since 20 years from now is on the right side of the supply curve, the decreasing side, prices will continue to rise.

There's no new oil being mined. That's why we went into Iraq. That's why we're trying to pick a fight with Iran. No new oil source. Is it possible they'll find a great new oil field(s) to quench our growing demand plus China plus India? Yes, but it's wishful thinking.

And it not just our jobs that are in jeopardy, its our way of life. Our entire economy is based on abundant, cheap oil.

I'm lookin' to start spooning a Amish woman hoping they'll take me in.

 

[Smacktard]

...That's why we went into Iraq. That's why we're trying to pick a fight with Iran.

Is that why less oil is coming out of Iraq than before the war?

 

[IronCityBlue]

Never said that; we may see $80/bbl but thats where I see the absolute bottom being.

Oil will, inevitably, go upward of $200/bbl.

That said, I do not think it will go that high in the near future without a major terrorist attack on our nation's oil and/or financial infrastructure, or full-fledged shooting war with Iran.

Oil is high not because of a lack of immediate supply, its because of speculators betting on geopolitical unrest and the weakness of the currency that oil is traded in. Of course demand in China and India and Russia has driven up price, but supply-and-demand fundamentals DO NOT support anywhere near the current price per barrel.

And Smarta$$ I can't give you dates but all you have to do is look at, oh, the last 50 years or so of history. Things will never be the way they were but this, as everything else has, will pass.

I may not know anything, and I only have a degree in aviation, but I can watch Bloomberg and read the WSJ and figure out what is really going on. If this schumck can do that, anybody can...

Good post. The thing about the D bag speculators is the last couple years, particularly the last year, of their sport bidding price run up, is becoming a self fufilling prophecy. Trillions of petro dollars to our sworn enemies, and what do they think is going to happen?

The falling dollar should yield about 75/bbl max market price. Anything above that is no talent hack speculators dumping money into speculation because of what might happen, never mind that from 18 to 111/bbl is hasn't happened.

Now the oil companies are addicted to 9%+ profit margins and they will cut production/exploration/etc to insure it, and OPEC will make up for the rest. The Air Force wants to build a coal to oil plant, and congressman Waxman says no because global warming is a national security concern. :laugh: Makes you wonder who's on the take for big oil afterall. ALl this time I thought it was all Bush's fault! :crying:

 

[Danny040]

maybe some good news. your thoughts?

http://www.nextenergynews.com/news1/next-energy-news2.13s.html

 

[N2264J]

Re: Delta's domestic reductions

maybe some good news. your thoughts?

Best news I've heard for a while.

It made my day until I realized it makes the disaster in Iraq even more tragic.