Delta's domestic reductions.

[buscap]

Morons!!

Don't you realize we're saving in-ground reserves for a rainy day??!

All those early seventies movies scared the crap out of the men in black!!!!!

Costner's THE POSTMAN was just a reminder. Leave it in the ground. We may need it someday!!

​

 

[N2264J]

Re: Delta's domestic reductions

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

At this point there is no agreement with the US puppet government in Iraq about how oil revenue should be divided up between the Sunni, Shiite, Kurds and Exxon - hence no oil.

HANNITY: If we pull out too early, what do you believe the consequences would be? […]​

CHENEY: For us to walk away from Iraq I think would have at least that bad an effect, probably worse, because if al Qaeda were to take over big parts of Iraq, among other things, they would acquire control of a significant oil resource. Iraq has almost 100 billion barrel reserves, producing 2.5-3 million barrels of oil a day. If you take a terrorist organization like al Qaeda and give it that kind of revenue, there’s no telling the amount of trouble they could get into.​

The Bush administration is still trying to blame everything on al Qaeda but US intelligence sources tell us that al Qaeda only makes up about 2 - 3% of the insurgency in Iraq.

 

[IronCityBlue]

At this point there is no agreement with the US puppet government in Iraq about how oil revenue should be divided up between the Sunni, Shiite, Kurds and Exxon - hence no oil.



The Bush administration is still trying to blame everything on al Qaeda but US intelligence sources tell us that al Qaeda only makes up about 2 - 3% of the insurgency in Iraq.

I agree with you that the Al Q rhetoric is and has been overblown (in proportion, not in importance). But that's because the way the media grossly mishandeled the whole "corporate structure" aspect of it. They would have us believe that Al Q is seperate from other well funded islamofascist organizations, most with exactlyt he same adgenda. I don't buy it. Just like the MBA's of the 90's set up most airlines to consist of 5, 10, 15 or more "partner" carriers under a single brand or "team" at that point anything about them that is seperate is meaningless.

The "Terror Team Alliance" has many partners and subsidiaries, many of which offer AQ "code shares" and "seamless connections" on their AJZ, HMS, MEK, IJG, ANO, PLF, PFL, etc. partners, including the use of eachother's "lounges". In a relentless attempt to discredit Bush in specific, and anything Republican in general, the left will stop at nothing to try to cloud the issue with the asinine implication that AQ is some seperate, isolated organization run almost exclusively by OBL and anything and everything else in the world is completely unthreatening to us or our allies and should be embraced with the historically effective stratedgy of pacifisim, apeasement and containment.

So is the Bush administration trying to blame everything on Al Q? Sure they are, and that is technically inaccurate. But they are doing so because the debate has sucessfully been framed in such a way that Al Q is the only "brand" of terror that many people think is even the slightest threat to us. Most people haven't heard about 80% of the terrorist organizations out there, much less understand or appreciate their "cooperate-graduate" philosophy.

 

[Flybet3]

I personally think that Olrando Bloom can't act worth a sh***. Have you seen how he talks in movies? Terrible, just terrible.

 

[rickair7777]

At this point there is no agreement with the US puppet government in Iraq about how oil revenue should be divided up between the Sunni, Shiite, Kurds and Exxon - hence no oil.



The Bush administration is still trying to blame everything on al Qaeda but US intelligence sources tell us that al Qaeda only makes up about 2 - 3% of the insurgency in Iraq.

The REALLY hard fact to deal with is that the Iranians are behind a large percentage of it...if we confront THAT head-on, then we would be obligated to start launching alpha strikes on Bandar Abbas.

 

[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.

How is that oil bubble doing?

 

[siucavflight]

How about now?

 

[DashTrash400]

Siucavflight--

I agree with you that over time, demand will outstrip the supply of oil, and prices will go up. I'm not convinced we're truly at peak production yet (Dec 06 was only the latest in a string of "peaks" stated by post-peak theorists), but absent some fairly huge discoveries of recoverable oil, peak production will happen sooner rather than later and prices climb.

However, that does not mean there is not a pretty significant bubble at the moment. Global demand is pretty flat this year (decreasing demand in US & Europe cancelling out growth in Asia) and reserve stocks - especially in the US - are significantly up. US refineries have been cutting back on gasoline production in an effort to bolster their crack spread, which incidentally has been instrumental in sending the price of distillates like diesel & jet fuel skyrocketing. Essentially, the current fundamentals do not support the current price of oil, whatever the macro trend.

Here's an interesting number: Shell's CEO recently stated that investment in oil futures went from $450M/week at the beginning of the year to $3.5B/week in April. I fail to see how you can have that sort of money poured into any investment vehicle without creating a significant bubble. When it pops, no, we won't see $20 oil, probably not $60 and perhaps not even $80. But it's sure as he!! not gonna stay at $120.

BTW, those of you pinning the price of oil to the decline of the dollar... the dollar has declined 30% against worldwide currencies over the last 8 years while oil has gone up nearly 500% ($25/bbl to $120/bbl). There's more going on than the weak dollar.

PS - Those asking for a prediction of when the bubble is gonna pop...if such a thing was possible, *everyone* would be shorting oil futures and you'd see the bubble pop almost immediately. The problem with market irrationality is that it's, well, irrational. The evidence is there for all to see, it's pretty hard to guess when investors will choose to take off the blinders and see it (echoes of 1999/2000...)

 

[~~~^~~~]

At this point there is no agreement with the US puppet government in Iraq about how oil revenue should be divided up between the Sunni, Shiite, Kurds and Exxon - hence no oil.

I've always liked the Alaska plan. Every resident of the State gets an equal check. It would give the locals a reason NOT to blow up the pipes.

The problem with this plan is that it fails to keep Iraq's oil off the market. The Saudi powers who have the ear of our White House are pleased with the current supply / price equation.

Arguably, the reason we are in Iraq is that Saddam's inability to play with OPEC resulted in his selling too much oil and driving down prices. Our Saudi "friends" wanted him out.

I do not know what the answer is, but IMHO US foreign policy is under too much influence from Saudi Arabia. Read this:

http://www.cbc.ca/fifth/conspiracytheories/saudi.html

Better news is this:

http://www.cnn.com/2007/WORLD/americas/11/08/brazil.oil.ap/index.html

 

[ttuite]

just got hired by ASA, guess that means I'm screwed.

The reduction in flying of the Mesa 50 seaters will meet the required 50 seat reduction.