Richard says our fuel campaign is off to a great start

[777_Jackpot]

Yeah, I read it and then sent it to my congressmen. Freeze_gopher's analysis is right. Why do you have an issue with airline execs asking for help with a problem that is having a devastating effect on everyone in the airline industry? Thousands of jobs are being lost with many more to come very soon. Delta is taking a proactive approach by attempting to bombard congress with emails from employees who are hurt every time oil prices increase. It may or may not work, but Delta is trying! What are other airline execs doing?

Courtesy of Fins from another thread:

http://youtube.com/watch?v=UOpcPfAarjY

Well I commend you on actually doing something for what you believe in, I actually do. But, I think it would be much more appropriate if you would have done it without being told to do so by the CEO of Delta. Or maybe you did it before, I am just assuming.

I don't have a problem with Anderson having an opinion, or anyone for that matter. What I do have a HUGE problem with however is someone with obvious influence, suggesting that his employees petition their congressman for MORE government control of FREE markets, based on his OPIONION of what is causing high oil prices. I have an even bigger problem with the individuals who actaully buy into that type of thinking without doing any homework to understand the situation and to make there own opinions, as I would suspect is true for a VAST majority of of the 12000 emails Anderson claimed to have gotten.

And lastly, regarding the youtube clip. It references a supply/demand problem.

 

[777_Jackpot]

It takes little for a leader to mobilize uninformed, unintelligent people to take action against a threat, real or percieved, that requires little or no personal sacrifice.

You could not have said that anymore perfectly!

 

[AC560]

It's ok to disagree but personal attacks are not worth the time it took to write them.

I stated a fact as evidenced by your posts, not a personal attack.

This would be a personal attack "It takes little for a leader to mobilize uninformed, unintelligent people to take action against a threat, real or percieved, that requires little or no personal sacrifice." In that clearly you are one of the uninformed and unintelligent people.

 

[V-1]

Demand hasnt gone up over 100% in a year, it IS speculation. Sure supply and demand plays a part in it but you get rid of speculation and oil will go down at least $30-50 a barrel.

By the way, demand doesn't have to increase 100% in a year for price to increase substantially.

If the global oil production is currently 87.5 million barrels per day (according to the International Energy Association), and global oil consumption is currrently 86.6 million barrels per day (http://omrpublic.iea.org/), it only takes an increase in demand of 1% to outstrip present supply. Likewise, it only takes a minor comment from anyone connected to the supply chain to increase risk that markets will not be supplied with oil.

It is getting more difficult to find and produce this commodity, and more people want it. In the end, only those who can afford it will get it. We should feel fortunate that we're still in that category...and be investing heavily in alternative energy sources to power our energy needs of the future.

Contrary to an earlier suggestion that supply was increasing at the same rate as demand, this chart http://omrpublic.iea.org/world/wb_wosup.pdf from data produced by the International Energy Association indicates the reverse is true.

The only reason supply is has not outstripped demand is because prices have risen dramatically.

 

[V-1]

I stated a fact as evidenced by your posts, not a personal attack.

This would be a personal attack "It takes little for a leader to mobilize uninformed, unintelligent people to take action against a threat, real or percieved, that requires little or no personal sacrifice." In that clearly you are one of the uninformed and unintelligent people.

I guess if one chose to interpret that statement in that manner it could be considered such, though I don't believe Freeze_gopher is either uninformed or inintelligent, and did not intend it to read that way. Clearly my command of the English language is deficient at times.

I haven't read anything in this thread yet (amazingly) that I would consider a personal attack directed towards anyone. What I've read so far is simply people expressing their opinions, which will all differ somewhat, on a complex subject. Unfortunately all of these opinions are formed from different sources, and some sources are more credible than others.

 

[Freeze_gopher]

V1 777,

Global oil consumption this year is 86.38mbd, 87.725mbd is the projection for 09. Which is interesting because that is 27% higher than the historical run rate (82.33mbd in 04 and 85.38mbd last year.) The estimated production rate for 09 is 88.07mbd, that 920,000 barrels a day more than we need. When you add in government reserves 1.66bn and commercial reserves of 2.45bn barrels worldwide we can withstand a 10mbd disruption for over a year. Supply is not the issue. These are EIA numbers, I'm not makin it up. By the way 10mbd is a greater disruption than we have seen in history (including the iranian revolution in 79, all of the middle east wars and both gulf wars.)
777, I don't think that you need to be an economist to be well informed, my background does happen to be economics though. AC560, just discuss it isn't a fight.

 

[V-1]

V1 777,

Global oil consumption this year is 86.38mbd, 87.725mbd is the projection for 09. Which is interesting because that is 27% higher than the historical run rate (82.33mbd in 04 and 85.38mbd last year.) The estimated production rate for 09 is 88.07mbd, that 920,000 barrels a day more than we need. When you add in government reserves 1.66bn and commercial reserves of 2.45bn barrels worldwide we can withstand a 10mbd disruption for over a year. Supply is not the issue. These are EIA numbers, I'm not makin it up. By the way 10mbd is a greater disruption than we have seen in history (including the iranian revolution in 79, all of the middle east wars and both gulf wars.)
777, I don't think that you need to be an economist to be well informed, my background does happen to be economics though. AC560, just discuss it isn't a fight.

Let's hope we can continue to produce enough oil globally to supply the Chinese and Indian economies as they continue to experience double digit economic growth rates.

My concern anytime this subject comes up for discussion is those who are screaming the loudest in denial are those who I believe are going to get hurt the worst. That is the only reason I participate in discussions about this subject.

We've got to wean ourselves off our addiction to oil. I believe that is the only sound long term strategy that will help preserve our lifestyle in America as we've come to know it. For this to happen, we need high energy prices to motivate us.

The Roman Empire lasted what...400 years? How old is America again?

I've enjoyed this discussion, but now it's time to grill some steaks. Enjoy your holiday everyone...if you're senior enough to get one that is!

 

[Freeze_gopher]

V1,

The speculation I refer to is only one example of the overall corporate mindset that is killing this country. Your reference to Rome is quite fitting.
I agree the future must be alternative fuels. I enjoyed our chat, and am going to follow your lead...the steaks are marinating. Happy 4th.

 

[onionluvr]

For every person speculating the price will go up, somebody has to speculate the price will go down.

Bingo! The fact that this point is being overlooked is astonishing to me. Why is nobody talking about this? Because the so called "experts" really have no idea what they are talking about. Speculation is the convenient scapegoat in this case.

 

[Papa Woody]

Were the dollar 35% stronger, the price of oil would likely be 35% less. Unfortunately our government and it's citizens are not well known for fiscal discipline.

Amen, brother. Been to Europe lately? Or anywhere outside of the U.S.? (Or outside Georgia? Maybe outside Fulton County, Mr. Anderson?)

The Dollar sucks. Nobody wants our worthless garbage money. There's no value to it anymore. Just a bunch of lazy 8th generation spoiled brats who expect government handouts to pay for their SUV, the gas to run it, their defaulting mortgages, their kids' schools and meals, and subsidize their iPhone.

The free-range-hormone-free chickens have come home to roost. Our Country is involuting.