Oil @ $100.00

[MTNHI]

http://www.usatoday.com/money/industries/energy/2006-08-20-hundred-dollar-oil-usat_x.htm

Articles like this always make you think which way to go with your career!

SWA - FedEx - UPS - CAL // Cargo or PAX??????

 

[Bubba Dog]

When I got in this crazy business in 1989 an ex-Braniff captain told me one day while we took a break in the crew room "this business is not for the weak of heart". It really didn't sink in right away, but after 2 furloughs and only 6 years on the property out of 17 it is starting to really sink in now. It is a great business and it gets in your blood,which can be a curse if you are at the wrong end of the seniority list or in the wrong part of an economic cycle. Hopefully we are at the bottom now and will claw our way back up again. If oil does go to 100$ a barrel then the weak of heart will probably perish economically and the strong of heart will find a way as they always have in the past. It's more than just a job, it is a lifestyle of many ups and downs,literally and figuratively.

But to your original question, pax or cargo,both would be hurt if oil goes up but pax business would probably be affected more. Although 100$ a barrel oil would probably push the economy into a recession which would affect everyone. If your want a sure fire almost 100% flying job,stick with the military if you have that option. Just my 2 cents worth.

 

[capt. megadeth]

You know it's only a matter of time.

 

[Ex737Driver]

So $2.20 a gallon for jet fuel and the airlines make money but add that extra $.80 to a gallon and

BOOM

airlines liquidate and others go CH11. Huh? As long as we allow these morons in print, cable, and internet media goad us into fear, we will be at their mercy. And no basis articles like this will continue to proliferate. No one knows what will happen if oil hits $100.00. Airlines have been enjoying ticket increases quite steadily for the last 18 months. Did they take that into account or do we just believe the pundits that say, "if we say it will happen, you better believe it will happen". ​

 

[GreatView]

http://www.usatoday.com/money/industries/energy/2006-08-20-hundred-dollar-oil-usat_x.htm

Articles like this always make you think which way to go with your career!

SWA - FedEx - UPS - CAL // Cargo or PAX??????

It really doesn't matter one way or another. As oil prices rise, the airlines are FORCED to raise ticket prices or perish. One way or another, the "consumer" will still end up paying for this on the ticket.

Some will say that fewer people will fly, I say B.S.......It's all relative because if airline tickets rise because of fuel, it will also cost them more to drive to a destination. At least when you fly on an a/c your fuel cost are spread amongst multiple pax.......If you run the numbers, it will still be advantageous to fly..........

In the end, $70 or $300 per barrel, the flights will still run and airlines will still be in business (there may be fewer though)....

 

[rjcap]

It really doesn't matter one way or another. As oil prices rise, the airlines are FORCED to raise ticket prices or perish. One way or another, the "consumer" will still end up paying for this on the ticket.

Some will say that fewer people will fly, I say B.S.......It's all relative because if airline tickets rise because of fuel, it will also cost them more to drive to a destination. At least when you fly on an a/c your fuel cost are spread amongst multiple pax.......If you run the numbers, it will still be advantageous to fly..........

In the end, $70 or $300 per barrel, the flights will still run and airlines will still be in business (there may be fewer though)....

As airline ticket prices increase there will be a negative reaction from the leisure traveler. How much is up for debate.

The real issue will be the contnued financial pressure on the operating airlines which always gets focused onto reductions in airline employee compensation.

 

[Flybet3]

Simple, barrel hits $100...then airlines have to raise the ticket prices by a couple of dollars. Big woof! The problem is, some of these companies what to keep 1990 prices. That's just not going to work.

 

[accinelli]

Funny how no one mentions lowering costs. That will happen before oil hits $100. Then the airlines that have not lowered the costs will be uncompetitive and hello Chap 11.

Meanwhile the European, Middle Eastern and the Asian Carriers will be reporting mega profits.

 

[GreatView]

As airline ticket prices increase there will be a negative reaction from the leisure traveler. How much is up for debate.

The real issue will be the continued financial pressure on the operating airlines which always gets focused onto reductions in airline employee compensation.

There will still be leisure travelers, and many of them........

$100/barrel will dramatically affect the cost of driving, more so than of flying since the fuel burn won't increase. The additional $30/barrel (in comparison to today’s prices) will be spread over the average load factor for each city-pair....

Maybe raise ticket prices $10-20 on the average 2 hour stage-length flight (if even that much)....Still beats paying that than filling up your tank for the same 8 hr drive...

 

[Whistlin' Dan]

http://www.usatoday.com/money/industries/energy/2006-08-20-hundred-dollar-oil-usat_x.htm

Articles like this always make you think which way to go with your career!

SWA - FedEx - UPS - CAL // Cargo or PAX??????

None of the above.

If I were a young man starting out today, I would be attending the best school of engineering that would acccept me, learning everything there was to know about responsible energy utilization and alternative energy sources. I would be learning ways of doing more with less. If I flew at all, it would be for recreation, and it would likely be in an aircraft of under 100 horespower. I figure I owe at least that much to the guys who are fighting and dieing in the middle east right now.

While it may be true that "there will always be an airline business," believing that it will be as large a part of the overall scheme of things as it is today may be somewhat naive. (I'm sure that in times past, there were those who said the same thing of ships and railroads) The notion of flying people by air is viable only because as transportation schemes go, it's pretty fuel-efficient. A 737NG will generate better mileage per passenger than a small economy car with all the seats full, and it will do it at 10X the speed (or 1/10 the time enroute).

In terms of fuel usage, the same cannot be said for cargo, because there, the competition over many route segments is rail or trucking, both of which are FAR more fuel-efficient than shipping by air. That's especially true given the nature of the equipment that's often used in the air cargo business...older, less fuel-efficient types...not the state-of-the-art 737's mentioned above. I think you could make a pretty compelling argument that rising fuel prices will have a more negative effect on the cargo business than the pax business. The saving grace there might be that with the overnight express product, the cost of fuel is a smaller percentage of the overall cost of the service. I don't know that those economies would apply to bulk freight.

There's gotta be some recent ERAU grads out there who have studied this in depth. What say you guys?

 

[CommanderHoek]

We are all idiots

Nothing will change until George Bush is out of Office. Amazing how this Erl biness has changed since an OIL MAN has taken over. Is it me or does ever little thing change the price of Oil. "Today a monkee farted in a tree so oil prices will rise by a few cents this week". Does anyone live on the same planet I do??? We have had the same unrest in the middle east with the same refineries with the same Opec A-holes for ever. I was born in the sixties and I remember the 70's and it has never been this bad even at it's worst in the 70's. What has changed "THE ADMINISTRATION". The future traders and our own OIL TYCOON "W" want to see how far we and the economy will let it go. It is just a numbers game.

Down in Florida we have a similar problem with "W'us brother Jagg I mean Jebb. Insurance has skyrocketed why, numbers. The amount of money the insurance companies are giving the republicans is unprecedented. Their was clear resolution to the issue on the "REPUBLICANS" did not want to hear it. MONEY MONEY MONEY. It is just the same as the Oil people. The rich get richer and the poorer get poorer.

People I do not care if you like "W" or Jeb or agree with the war or not, "W" and that whole group of psychos need to go. It affects everyone of us and your kids too.

 

[GogglesPisano]

People will simply travel less. It's price sensitivity. Instead of going to Disneyworld they'll go to Blockbuster or the movies with their kids.

Consolidation is on the way.

 

[Tomct]

Nothing will change until George Bush is out of Office. Amazing how this Erl biness has changed since an OIL MAN has taken over. Is it me or does ever little thing change the price of Oil. "Today a monkee farted in a tree so oil prices will rise by a few cents this week". Does anyone live on the same planet I do??? We have had the same unrest in the middle east with the same refineries with the same Opec A-holes for ever. I was born in the sixties and I remember the 70's and it has never been this bad even at it's worst in the 70's. What has changed "THE ADMINISTRATION". The future traders and our own OIL TYCOON "W" want to see how far we and the economy will let it go. It is just a numbers game.

Down in Florida we have a similar problem with "W'us brother Jagg I mean Jebb. Insurance has skyrocketed why, numbers. The amount of money the insurance companies are giving the republicans is unprecedented. Their was clear resolution to the issue on the "REPUBLICANS" did not want to hear it. MONEY MONEY MONEY. It is just the same as the Oil people. The rich get richer and the poorer get poorer.

People I do not care if you like "W" or Jeb or agree with the war or not, "W" and that whole group of psychos need to go. It affects everyone of us and your kids too.

And lets see, if a Dem were in office you would say the same? Give me a break! Yeah, I know, only Republicans like money and the Dems just lay down in the street with the homeless.....RIIIIIIIIGHT!!! I am sure that Hilary is crying all the way to the poor house and lets not forget Ted "the Drunk/Murderer" Kennedy rolling his happy @ss all the way back to the "Kennedy Compound!" Politicians are ALL one and the same! They are not willing to help the "other" group make any progress with good bills etc. because it would make their party look BAD! Forget the fact that they work for.....US, you know, "We the PEOPLE!" Get off your soap box already!

 

[YourPilotFriend]

At a price of $150 dollars airline tickets go up $20 for every seat per 1000 miles. It's only a big deal because airlines sell tickets at breakeven amounts, any cost increase amounts to huge losses and any revenue increase amounts in huge profits. It's no big deal, but airlines that have fuel hedged have a big advantage when it comes to forcing prices down below market value and still making money.

 

[FlyBoeingJets]

The notion of flying people by air is viable only because as transportation schemes go, it's pretty fuel-efficient.

A 737NG will generate better mileage per passenger than a small economy car with all the seats full, and it will do it at 10X the speed (or 1/10 the time enroute).

Don't go too far with the NG being cheap. 465 miles at 8 cents a seat mile is $37 (fuel and all other expenses). 465 miles in a car getting 38 miles a gallon uses 12 gallons is $36. (I know, no other expenses. But just one passenger too).

Then you have to factor in Airport fees per ticket.

But I do believe the convenience factor will always be the draw. Airtravel is here to stay.

 

[Green]

Nothing will change until George Bush is out of Office. Amazing how this Erl biness has changed since an OIL MAN has taken over. Is it me or does ever little thing change the price of Oil. "Today a monkee farted in a tree so oil prices will rise by a few cents this week". Does anyone live on the same planet I do??? We have had the same unrest in the middle east with the same refineries with the same Opec A-holes for ever. I was born in the sixties and I remember the 70's and it has never been this bad even at it's worst in the 70's. What has changed "THE ADMINISTRATION". The future traders and our own OIL TYCOON "W" want to see how far we and the economy will let it go. It is just a numbers game.

Down in Florida we have a similar problem with "W'us brother Jagg I mean Jebb. Insurance has skyrocketed why, numbers. The amount of money the insurance companies are giving the republicans is unprecedented. Their was clear resolution to the issue on the "REPUBLICANS" did not want to hear it. MONEY MONEY MONEY. It is just the same as the Oil people. The rich get richer and the poorer get poorer.

People I do not care if you like "W" or Jeb or agree with the war or not, "W" and that whole group of psychos need to go. It affects everyone of us and your kids too.

Amen!!! It's time to get that idiot out of office.

 

[accinelli]

Maybe we'll get lucky and he'll join ALPA after his term is up. He is a pilot.

 

[lowecur]

Down in Florida we have a similar problem with "W'us brother Jagg I mean Jebb. Insurance has skyrocketed why, numbers. Who's running numbers? The amount of money the insurance companies are giving the republicans is unprecedented. Soooo, it's all about money? Since Crist is a shoe-in, it looks like my commissions will continue to rise. Their was clear resolution to the issue on the "REPUBLICANS" did not want to hear it. MONEY MONEY MONEY. It is just the same as the Oil people. The rich get richer and the poorer get poorer.

People I do not care if you like "W" or Jeb or agree with the war or not, "W" and that whole group of psychos need to go. It affects everyone of us and your kids too.

Just for the record: There is no panacea to the insurance crisis in Florida, except a Federal Catastrophe Insurance Program. All I heard after H. Andrew was how could the Insurance companies raise rates as high as they did. For starters:

• Florida had not had a direct hurricane hit the state since 1964. They used to charge ridiculously low rates for all the years until Andrew hit. All the profit they made for those 28 years was wiped out in 3 hours. Allstate was bankrupt, and only survived due to financial aid from Sears. State Farm Fire was also technically bankrupt and only survived due to a mass infusion from State Farm Mutual. 11 smaller carriers were bankrupt and wiped out of business.

• State Farm and Allstate agreed to continue homeowner coverage in Florida only if they could start separate Florida Corporations. Both of those companies were severely impaired after 4 hurricanes in the last 2 years, and issued mass cancellations to eliminate more exposure. Re-insurance rates for catastrophes have risen 400-1000%. This cost has been passed on to policies still in effect.

• The State owned Citizens Insurance is now headed back as the largest insurer of Homeowners Business in the State due to mass cancellation of policies. A new spate of feable insurance companies had risen from the ashes since Andrew, and many of them are also now out of business due to massive loses in the last 2 years.

Bottom line.......the money trail in florida can dry up and the insurance companies still won't be back in the market with reasonable policies.

imp:

ps: I agree Bush has done what he can to line the pockets of big oil. Where else can you make $10B per quarter and still get a subsidy from the taxpayers.

 

[capt. megadeth]

And lets see, if a Dem were in office you would say the same? Give me a break! Yeah, I know, only Republicans like money and the Dems just lay down in the street with the homeless.....RIIIIIIIIGHT!!! I am sure that Hilary is crying all the way to the poor house and lets not forget Ted "the Drunk/Murderer" Kennedy rolling his happy @ss all the way back to the "Kennedy Compound!" Politicians are ALL one and the same! They are not willing to help the "other" group make any progress with good bills etc. because it would make their party look BAD! Forget the fact that they work for.....US, you know, "We the PEOPLE!" Get off your soap box already!

Whoa! Tomct and I agree on something.

 

[atpcliff]

Hi!

GW being in office has, basically, no effect on the price of oil now. It wouldn't matter who's in office now.

This makes a HUGE difference:
Nixon realized that energy conservation was a huge thing for America, which is why he asked for a national 45 mpg speed limit.

Unfortunately, Ford took over, and did nothing to rid us of our addiction to oil.

Luckily, Carter came in, and changed everything. He started all kinds of conservation/alternative energy/alternative fuel/alternatives to the ICE (Internal Combustion Engine). He set a great foundation for what would today mean that oil prices were irrelevent, because we wouldn't be importing any oil.

BUT, Reagan completely destroyed all the work that Carter had done, and our nation went backwards on the energy front for years. Bush Sr. and Clinton did nothing to lead us to the problem we have today.

So a Republican and a Democrat, Nixon and Carter had great ideas, but they were crushed by Reagan, Bush, Clinton and Bush.

Both parties and ALL politicians should share the blame in leading us to this dismal dead-end of burning ONLY oil for a transportation fuel. Many people understood what was to happen, but the politicians were too weak and spineless to be the leaders we elected them to be.

If you don't want to lead, don't run for office, keep doing your job as a bug exterminator.

cliff
YIP

 

[HalinTexas]

I can't believe the ignorance that is paraded as truth in this country.

Adjusted for inflation, today's oil price would have to hit $90/bbl to equate what was paid in 1979-80. Oh yeah, Jimma was in office and 40 Americans were held hostage by the present day president of Iran for 444 days. If you remember correctly they were released the day of Reagan's inaugaration.

Cars guzzled more gas back in the '70's than they do today, and the highest tax rate at that time was around 70%. Yes, you could deduct credit card interest, but inflation was around 11% and mortgage rates were 18-20%.

For all you morons who slept through what little economics education you took in high school/college, oil is traded as a commodity like gold and orange juice. Gasoline is traded by wholesalers and retailers on the futures market. The price of oil is influenced by supply and demand. Remember those terms boys and girls? They were on that quiz you made a 50 on. China's economy has grown to such a degree the last 10 years that they control the price of oil. India is right behind them. They are lining the oil company's pockets.

Another thing to look at is the value of the dollar. Currency trading made George Sorros, an immigrant, a billionaire in less than 20 years. He spent $30M+ of his own money to get "Shrub" out of office in '04. Throw in those Hollyweirdos and I bet they combined to spend more money than the any oil company did in campaign contributions. All for Dems. The decrease in the value of the dollar has made everything we buy more expensive since we participate in a global economy, i.e. we buy stuff from China, India and Mexico. On the other hand, it's made American produced goods and services cheaper to "ferrners." The rise of the middle class in China, India and even Mexico in the last 10-15 years is astounding, and they are consumers. They buy stuff. Lots of American stuff and oil too. If you've been to Hawaii lately, the Japanese are back and they've brought lots of Koreans, too. The price of property has sky rocketed in the last 4 years due to those two economies. Those bicycles you used to see in Tienamen square in the '80's have been replace by cars. Lots of them. Some American made. The Chinese have been buying all the concrete, steel and lumber they can get their hands on. The Canadians are happy.

So, if you look past the rhetoric of you local news, the cable news channels (all of them) and the crap put in newspapers that was stolen from the "News Nexus" then you'll see a bigger truth than just greedy oil companies and crooked politicians. Use your minds, quit being sheep.

 

[capt. megadeth]

Halin,
I understand what you are saying however if you think the oil companies and oil men are just innocently standing by while "supply and demand" dictates the price of oil, you are a bit naive don't you think?

 

[GreatView]

I can't believe the ignorance that is paraded as truth in this country.

Adjusted for inflation, today's oil price would have to hit $90/bbl to equate what was paid in 1979-80. Oh yeah, Jimma was in office and 40 Americans were held hostage by the present day president of Iran for 444 days. If you remember correctly they were released the day of Reagan's inaugaration.

Cars guzzled more gas back in the '70's than they do today, and the highest tax rate at that time was around 70%. Yes, you could deduct credit card interest, but inflation was around 11% and mortgage rates were 18-20%.

For all you morons who slept through what little economics education you took in high school/college, oil is traded as a commodity like gold and orange juice. Gasoline is traded by wholesalers and retailers on the futures market. The price of oil is influenced by supply and demand. Remember those terms boys and girls? They were on that quiz you made a 50 on. China's economy has grown to such a degree the last 10 years that they control the price of oil. India is right behind them. They are lining the oil company's pockets.

Another thing to look at is the value of the dollar. Currency trading made George Sorros, an immigrant, a billionaire in less than 20 years. He spent $30M+ of his own money to get "Shrub" out of office in '04. Throw in those Hollyweirdos and I bet they combined to spend more money than the any oil company did in campaign contributions. All for Dems. The decrease in the value of the dollar has made everything we buy more expensive since we participate in a global economy, i.e. we buy stuff from China, India and Mexico. On the other hand, it's made American produced goods and services cheaper to "ferrners." The rise of the middle class in China, India and even Mexico in the last 10-15 years is astounding, and they are consumers. They buy stuff. Lots of American stuff and oil too. If you've been to Hawaii lately, the Japanese are back and they've brought lots of Koreans, too. The price of property has sky rocketed in the last 4 years due to those two economies. Those bicycles you used to see in Tienamen square in the '80's have been replace by cars. Lots of them. Some American made. The Chinese have been buying all the concrete, steel and lumber they can get their hands on. The Canadians are happy.

So, if you look past the rhetoric of you local news, the cable news channels (all of them) and the crap put in newspapers that was stolen from the "News Nexus" then you'll see a bigger truth than just greedy oil companies and crooked politicians. Use your minds, quit being sheep.

Amen brother !!!!

Some people seem to forget that the "developing countries" of the past few decades are now economic powerhouses. It only stands to reason that when countries like China, India and many other asian and Middle Eastern countries (UAE) grow through commerce, there will only be a huge demand for OIL (this is what makes the world tick) since more and more people own cars (oil), use consumables made with plastic (oil) and have more industries (oil). When countries become more economically independent, their citizens have their own oil burning stoves (oil), electricity (some oil), ect, ect......

High Oil prices are here to stay, PERIOD! Yeah, it may fluctuate lower but the equalization will balance on a higher amount more and more as countries come out of the dark ages with advances in technology.

Speaking of technology, maybe we should blame Al Gore for these emerging markets. After all, he did invent the INTERNET !!!!:nuts:

And BTW, if it weren't for all the whacko environmentalists back in the 60's & 70's, we'd have more refineries and wells all over the U.S. pumping and refining our OWN oil, not Venezuela's or the Middle East.

 

[satpak77]

Halin

You are 100% correct. I know this because I trade futures on my own to "supplement" my day job. I am long the October 2006 contract right now.

China and India (called "Chindia" by some) is the primary reason oil is high, coupled with perceived instability in the middle east.

In 1998, oil was $10 a barrel. It is recently hit $75. We are in 2006, or 8 years later, and oil has gone up 7.5 TIMES in 8 years.

RE

http://inflationdata.com/inflation/images/charts/Oil/Historical_Oil_Prices_Chart.htm

1998 was during Internet boom years, the "new economy", paper millionaires, and ramped up airline hiring by all the majors. Nobody could do anything wrong.

If oil drops tomorrow to $60 (it won't, but lets pretend), and in the NEXT 8 years, it ONLY doubles, we are looking at $120 oil in 2014.

A less conservative example is take todays price of $73, and say in the next 8 years, it triples (opposed to increase of 7.5 times).

That means in this possibly more realistic scenario

73 X 3 = $225 in 2014.

Scared yet?

The price of Crude Oil is supply and demand based, which means actual supply and demand, and perceived supply and demand. It is nothing else.

NOW, the price for gasoline at the pump? Is the CEO of Exxon manipulating THAT? Maybe, who knows. But Crude Oil is a world commodity, one of the most traded commodities outside of gold in the marketplace (not counting currencies).

When oil goes up, jet fuel goes up, and airlines will have to overcome that somehow. Cut costs, raise prices, etc.

 

[atafan]

Republican or Democrat "Who gives a crap", I blame all of us starting with me!

Gas is over $3.00 a gallon and we don't hear bull from the American people. All I hear is numb nuts pointing their fingers at Bush while thinking if Clinton was in office things would be different. We all should take the heat on this.

Glenn Beck Interviewed David Neeleman, JetBlue CEO about a project he is working on. Its the coal to oil process that everyone has been wondering about, as its break-even point is at 35$ a barel, and oil prices are well past that.

This is proven technology, the reason that no-one has pursued it to date is because of the fear that opec will drop oil prices and crush then industry.

David has put together a plan that involves the federal government backing the investment by guaranteeing profitablity by subsidising anything under 38$ a barrel.

• Government guarantee 100% of the capital investment for each $4 billion plant by
insuring capital cost of $38 to $18/bbl or $33 million per month
– For 45 plants, the maximum government would insure $18 billion per year @ $18 bbl
• Windfall Premium
– At any time the price of crude is above $75/bbl, program participants would pay to the
government [25%] of all revenue collected above $75 bbl

While I want the government OUT of private business as much as possible, David makes a strong case for why that money is a good investment and will raise our security significantly. If the government ever has to pay a dime..its becauc se opedropped oil prices below 38$ a barrel, something they would only do if they see a threat of lost sales.

Our millitary could be fueled completely independant of middle east oil in 2 years, the rest of the country in 10 years.

Our gas prices would drop back to the 1.00 a gallon range.

This would be competition to the fat-cats at Exxon.

Environmental Impact- This process creates ultra clean diesel fuel. Look at the jetta TDI's. 40-50 mpg. Diesels are much more effecient engines than gasoline engines, diesel fuel burns a little dirtyer though, ultra clean diesel is the answer.

• Emissions characteristics of ultra clean diesel include:
– Reduced nitrous oxide
– Little to no particular emissions
– Low sulfur and aromatic content

Listen to the intervew, read up on this technology, read the bill, call your congressman.

Interview
http://mfile.akamai.com/6713/wma/gle...7-06-hour2.asx

Study the procees, and project plan here
http://www.glennbeck.com/2006ads/jbluctl.pdf

Call and write your elected leadership and stop the finger pointing!!!!

 

[V-1]

Halin,
I understand what you are saying however if you think the oil companies and oil men are just innocently standing by while "supply and demand" dictates the price of oil, you are a bit naive don't you think?

I'd hope they're not innocently standing by...they should be working their a55e5 off to take advantage of the opportunity. It's business, pure and simple. It's not difficult to profit from the "sudden" realization that there is limited production ability out there and increasing worldwide demand. Go buy some XOM, PTR, MRO, BP, or VLO stock...chances are one already owns some if they hold mutual funds in their 401(k).

There was a time when the airline industry was making record profits...where was the public outcry then?

 

[Flybet3]

People will simply travel less. It's price sensitivity. Instead of going to Disneyworld they'll go to Blockbuster or the movies with their kids.

Consolidation is on the way.

What do you think I've been doing?? HEHEHE

 

[Flybet3]

We are all pretty much responable for the high fuel prices as well. It's easy to place the finger on dum dum Bush, but we are all resposable for the high prices as well.

 

[CommanderHoek]

All interesting statements I agree. The one about Neelman and alternatives is my favorite. At least it is an idea. And yes, ALL of us are responsible as well.

As far as "W" goes I am just saying that in the very least it is a conflict of interest that an oil man is involved and not doing ANYTHING about it. If you do not think he is getting rich you are a fool (Does Saudi Arabia ring a bell)?
Was I the only one to see him holding hands with an Arab(15 of 19 hi-jackers-SAUDI) and oil rich nation. Additionally, if you read my post it has never ever ever ever been this dramatic. This metoric rise has only happened since "W" has been in office. Hate to sart flame but I will, IT GOES WITH EVERYTHING ELSE HE HAS SCREWED UP. Procede with flame.

Class class SHUT UP, Thank you!

 

[YourPilotFriend]

Haven't they found a way to make coal oil at $35 a barrel. Coal oil is another name for Jet-A or kerosene.