OPEC says further price increase possible!

[Dizel8]

"Acting OPEC Secretary-General Adnan Shihab-Eldin said the possibility of oil prices rising to $80 a barrel over the next two years is highly unlikely, but he couldn't rule out the chances of such a steep spike, Dow Jones Newswires reported, citing the Kuwaiti daily Al -Qabas."

I certainly hope he is wrong, otherwise we are for some BIG trouble! Maybe we need to open ANWR sooner rather than later, I am sure the mosquitoes will be okay.

(Yes, I am aware of the various estimates for ANWR)

 

[80drvr]

"Acting OPEC Secretary-General Adnan Shihab-Eldin said the possibility of oil prices rising to $80 a barrel over the next two years is highly unlikely, but he couldn't rule out the chances of such a steep spike, Dow Jones Newswires reported, citing the Kuwaiti daily Al -Qabas."

I certainly hope he is wrong, otherwise we are for some BIG trouble! Maybe we need to open ANWR sooner rather than later, I am sure the mosquitoes will be okay.

(Yes, I am aware of the various estimates for ANWR)

Watching CNBC, I have seen this quote taken out of context all day long.

This oil market is crazy. Oil inventories go up, Russian producers increase output, the dollar steadies, and the price takes off. I just don't get it.

 

[klhoard]

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If I owned all of the oil in the world, I would raise prices until the bombers were circling outside my borders also. . . .
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And I wouldn't be flying for a living, either. . .
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[Midnight Mike]

Have always wondered why the airport does not buy the fuel & then the airlines can purchase the fuel from the Airport? The airports would be able to get a better price as the airport would be buying the fuel in higher quanities...

 

[tranceport]

(sarcasm on) please Dizel8, I wish you wouldn't post negative news stories like this. You may be hurting someone's feelings and possibly shattering someone's outlook on their aviation career. (sarcasm off)

 

[voteno]

Have always wondered why the airport does not buy the fuel & then the airlines can purchase the fuel from the Airport? The airports would be able to get a better price as the airport would be buying the fuel in higher quanities...

Why not all the airlines get a coop together and all buy gas together. This was brought up at our union house and we were told that they buy off the spot market (unless you have a hedge) and therefore it cannot be bought any cheaper.

 

[voteno]

There needs to be collusion to raise fares. Collusion has always been illegal except for the collusion that is going on to BUST labor contracts .

 

[Whale Rider]

Its obvious that Aviation is going to depend on petroleum no matter what happens. At least until the "Beam Me Up Scottie" era arrives or petrol runs out and they pull a solar powered airliner out of thier a$$.

Don't mean to sound like a tree hugger, but, what we need to do is get everything else off of petroleum: starting with cars, the internal combustion must die for aviation to survive to start.

Unfortunately its a catch-22, and no one is willing to live with one without the other. In turn OPEC or who ever else is running the spicket can dictate what they want.

In closing, "we" will continue to suffer and the corridor will just get narrower and narrower until we're paying $9.00 for one mini pretzle and a splash of soda..No bags or carry-ons please, just the clothes on your back.

 

[LAXSaabdude]

what we need to do is get everything else off of petroleum: starting with cars, the internal combustion must die for aviation to survive to start.

Unfortunately its a catch-22, and no one is willing to live with one without the other. In turn OPEC or who ever else is running the spicket can dictate what they want.

You are absolutely right. There are a few positive developments on the horizon, though. Hybrids are the hottest thing going right now, and they have evolved from a small niche into fairly mainstream cars. There are several SUV hybrids on the market now.

E-85 fuels (85% ethanol, 15% gasoline) are not terribly widespread yet, but they are taking hold in Minnesota. Many cars are already capable of running on E-85 right off the shelf.

Biodiesel is another development that seems to be taking hold, as well. It is essentially vegatable oil. I seem to remember reading that there was research being conducted to determine how to run a jet engine on biodiesel.

How soon will we see the benefits of these changes? Hopefully sooner rather than later. People are starting to get a wake up call, and at some point $$ will dictate a shift. Hopefully our economy and industry have n't taken too much more of a hit by that point.

Oh, yeah, and SEVERAL airlines have actually raised fares this past week!What a novel concept. Hopefully they can make them stick!

LAXSaabdude.

 

[Corona]

"Acting OPEC Secretary-General Adnan Shihab-Eldin said the possibility of oil prices rising to $80 a barrel over the next two years is highly unlikely, but he couldn't rule out the chances of such a steep spike, Dow Jones Newswires reported, citing the Kuwaiti daily Al -Qabas."

I certainly hope he is wrong, otherwise we are for some BIG trouble! Maybe we need to open ANWR sooner rather than later, I am sure the mosquitoes will be okay.

(Yes, I am aware of the various estimates for ANWR)

Sure, the Arctic National Wildlife Refuge will keep the country in oil, just like they promised with the entire rest of the North Slope a generation ago.

I agree cars should soon be running on something besides dino juice; however, since most in this country use gasoline instead of diesel, they don't really compete with airliners. It's embarrassing to see just how bad the mileage of the average new car is, though.

I think fossil fuels will eventually need to be reserved for those industries that really need them: Agriculture, aviation and shipping. Our cars can run on lots of different stuff.

C

 

[KTHornet]

Why don't we put all the good farmland I fly over everyday to good use and produce corn-based ethanol to burn in our engines?

KT

P.S. The only science I studied in college was political science.

 

[LAXSaabdude]

Why don't we put all the good farmland I fly over everyday to good use and produce corn-based ethanol to burn in our engines?

Here ya go....

http://www.e85fuel.com/

Looking forward to the day when we can tell Osama Bin Laden, the Saudis, and the big oil companies to go f--- themselves!

LAXSaabdude.