Jet Fuel Prices WILL Be Climbing A LOT, and Soon

[atpcliff]

Hi!

This is it. Peak Oil is here now. I think the fractionals are looking better and better.

http://www.ajc.com/business/content/business/stories/2007/02/20/0220bizoil.html

QUOTE]
Relentless economic pressures will send oil — now selling for just under $60 a barrel — steadily toward the stratosphere, Hamilton said. "If Saudi Arabia is in decline, then oil is way too cheap."
[/QUOTE]

Saudi Arabia, the Elephant in the closet of oil production, is in decline. GM/Ford/Chrysler better pull out all the stops in getting fuel efficient vehicles and/or alternative fuel vehicles in showrooms NOW, or one or more of them is going Chapter 7.

cliff
LRD

 

[TX_DFW]

I think the prices will rise but gradually like they have the past few years, but never receeding to their previous years lows.




Oil prices fall but hold above US$59 a barrel ahead of U.S. inventory data


The Associated Press
Published: February 22, 2007
LONDON: Oil prices fell but held above US$59 a barrel Thursday ahead of U.S. government inventory data expected to show crude stockpiles rose.
Markets were also watching developments in the Middle East, with the stage being set for a fresh showdown between Iran and Western powers over the nation's nuclear program.
Light, sweet crude for April delivery fell 41 cents to US$59.66 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. Brent crude for April was down 20 cents at US$59.15 a barrel.
Data from the U.S. Department of Energy due later Thursday was expected to show domestic crude oil stockpiles rose in the week ending Feb. 16, while distillates are falling, according to a Dow Jones Newswires survey of nine analysts.
Crude oil inventories are expected to build by an average of 700,000 barrels, according to analysts' forecasts. Gasoline inventories should increase by about 100,000 barrels. Distillates, which include heating oil and diesel, are expected to fall by 2.8 million barrels.
Today in Business

Heating oil futures were little changed at US$1.6810 a gallon (3.8 liters), while natural gas prices dropped 3.6 cents to US$7.610 per 1,000 cubic feet.
The International Atomic Energy Agency, the U.N. nuclear watchdog, was expected to confirm on Thursday that Iran — OPEC's No. 2 exporter — continues to enrich uranium, a finding that could trigger harsher U.N. sanctions.
On Wednesday, Iran called for talks with the U.S. regarding its uranium enrichment activities, but showed no signs of halting its program.
Light sweet crude rose 2.1 percent on Wednesday to settle above US$60 a barrel for the first time this year following increasing tensions over Iran's uranium enrichment program and a pipeline and oil field shutdown.
TEPPCO Partners LP said Wednesday that part of a refined products pipeline was shut down after a leak was discovered in Indiana, according to Dow Jones Newswires. TEPPCO gave no estimate of how much diesel was lost or when the pipeline will be back in service.
BP shut down its Northstar oil field in the Arctic Ocean late Tuesday after a small leak was found in a gas line. The shutdown has taken about 40,000 barrels of oil off-line each day Friday or Saturday, according to a BP spokesman. The company doesn't know when the field will resume operations.

 

[Mr Hat]

That artical is speculation at best. If this were the case it would be national news on the front page of every paper and the headline of every media outlet. You mean to tell me some little reporter from Atlanta is the only one to have picked up on this?

 

[mynameisjim]

Don't forget about the extra 50 cents per gallon gas tax the faa has proposed in it's new ATC plan.

 

[Secret Squirrel]

The AJC couldn't find their a$$ with both hands. There are so many other sources of energy in this world. It is just a matter of finally telling the middle east to eat their oil and go on our merry way. Unfortunately the oil industry is running this country now so we know that won't happen. All these false emergencies are just being used to take money out of my pocket.

 

[SennaP1]

And why are fractionals immune to rising fuel prices?

 

[crxpilot]

Obviously you dont know about the Green River Valley:

While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years1.
More than 70% of the total oil shale acreage in the Green River Formation, including the richest and thickest oil shale deposits, is under federally owned and managed lands. Thus, the federal government directly controls access to the most commercially attractive portions of the oil shale resource base.

http://ostseis.anl.gov/guide/oilshale/index.cfm

 

[JustInfo]

1 - The fuel prices are passed on directly to the fractional "owners" for the flight, it is not included as part of the regular fees.

2 - If they can afford to buy into a fractional program then the cost of fuel is probably not a big issue for them financially.

 

[Rick James]

Obviously you dont know about the Green River Valley:

While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years1.
More than 70% of the total oil shale acreage in the Green River Formation, including the richest and thickest oil shale deposits, is under federally owned and managed lands. Thus, the federal government directly controls access to the most commercially attractive portions of the oil shale resource base.

http://ostseis.anl.gov/guide/oilshale/index.cfm

While these deposits do exist, what is the cost of extracting them? If it were easy, and more importantly, cheap to convert the shale to a liquid combustible form it would be happening now. What some people fail to realize is that even a 10% increase in production costs has significant economic ramifications around the world. Production from known reserves (Saudi Arabia, etc.) will undoubtedly decrease over time, what replaces them will be what determines our future.

 

[jetflyer]

That artical is speculation at best. If this were the case it would be national news on the front page of every paper and the headline of every media outlet. You mean to tell me some little reporter from Atlanta is the only one to have picked up on this?

NO, many others have, but the Main-Stream Media has been given the gag order on the peak oil topic.

Here are CIA documents showing this is possible:
CIA MEDIA CONTROL DOCUMENT -
CIA Memorandum Subject: Task Force Report on Greater CIA Openness - dated December 1991 (Page 10 is missing) - [PDF File]
or Read Each page in JPG format
From the CIA's own words which should scare you to death:

"PAO [Public Affairs Office] now has relationships with reporters from every major wire service, newspaper, news weekly, and television network in the nation. This has helped us turn some intelligence failure stories into intelligence success stories, and it has contributed to the accuracy of countless others. In many instances, we have persuaded reporters to postpone, change, hold, or even scrap stories that could have adversely affected national security interests or jeopardized sources and methods."

So the media has been given the gag order, because if Peak Oil for the world is realized as true, it will make our adventures in the middle east look like they're only for oil. In our leaders' eyes we can not make this look like it is for oil, when it does have a lot to do with our quest over control of the Middle East oil distribution after the declines begin. We have to make sure we continue to get ours....

There are whistle blowers though.
--There are politicians, like Roscoe Bartlett giving many speeches about peak oil to Congress.
--There are oil men, like Matthew Simmons, who is a Bush and Cheney friend writing books about the decline of Saudi Arabia's oil coming now.
--There is the DOE itself funding this study on Peak Oil and its devastating consequences coming: DOE Study on Peak Oil
--There is the Army Corp of Engineers study on Peak Oil.


The U.S. Govt. DOE study says atleast 10 years are needed PRIOR to Peak Oil to develop alternatives at an Apollo Project-like pace to avoid a new Great Depression. Alternatives just do not have the energy impact and can not be ramped up fast enough. Alaskan oil, tar sands, oil shale, ethanol, coal to oil, etc. are all considered in the study. Bottom line is that if peak oil is in the next 5 years hang on to your energy stocks!


There are also over 60 BOOKS written on the coming oil crisis which alternatives will not be able to stop in time....Here are some:
--Beyond Oil: The View from Hubbert's Peak by Kenneth S. Deffeyes
--The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel by Stephen Leeb and Glen Strathy
--The Party's Over: Oil, War and the Fate of Industrial Societies by Richard Heinberg
--The End of Oil: On the Edge of a Perilous New World by Paul Roberts
--Hubbert's Peak: The Impending World Oil Shortage by Kenneth S. Deffeyes
--The Long Emergency: Surviving the Converging Catastrophes of the Twenty-First Century by James Howard Kunstler
--Powerdown: Options and Actions for a Post-Carbon World by Richard Heinberg
--Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil by Michael C. Ruppert
--The Coming Oil Crisis by C. J. Campbell
--The End of Suburbia: Oil Depletion and the Collapse of the American Dream DVD ~ Barry Silverthorn
--The Oil Factor: How Oil Controls the Economy and Your Financial Future by Stephen Leeb
--Resource Wars: The New Landscape of Global Conflict With a New Introduction by the Author by Michael T. Klare
--Blood and Oil: The Dangers and Consequences of America's Growing Dependency on Imported Petroleum (The American Empire Project) by Michael T. Klare
--The Final Energy Crisis by Andrew McKillop
--Out of Gas: The End of the Age Of Oil by David Goodstein
--Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy by Matthew R. Simmons
--A Thousand Barrels a Second: The Coming Oil Break Point and ... by Peter Tertzakian

People are trying to warn us, it's just that what the media won't report on, will not get into the American psyche.

We have to win this "War on Terror". Our fate as a society is dependent on the oil especially after the declines after peak oil begin.....

Jet