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Thanks Rita---says CAL, AA, Indy, Midwest..

General Lee

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Did anyone see how much oil jumped today on FEARS over Trop.Storm Rita? $4.39---the most EVER for one day. Oil is back up to almost $67 a barrel. Crazy. Could this event push more airlines into court? This could drain more needed cash for the slow Fall season. Amazing..... I think United has had it right the whole time---stay in protection FOREVER and never pay all of the bills.....Great idea.


Bye Bye--General Lee
 

K-Mart

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...
This is not good. But, we'll have to wait and see..............
 

labbats

Zulu who?
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Nothing like lemmings betting on the futures markets....

If I were a betting man myself, I'd wager that oil will drop more than $5 in the next few days.
 

Chest Rockwell

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CNBC ran a graphic this afternoon of the projected path of Rita with the locations of all of the offshore oil platforms depicted.
 

Patriot328

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Chest Rockwell said:
CNBC ran a graphic this afternoon of the projected path of Rita with the locations of all of the offshore oil platforms depicted.


and what did that graphic look like.... they had a sh!t fit with katrina because of all the platforms near LA and NE TX coast... this is supposed to go well south of that...


lame excuses
 

FN FAL

Freight Dawgs Rule
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Patriot328 said:
and what did that graphic look like.... they had a sh!t fit with katrina because of all the platforms near LA and NE TX coast... this is supposed to go well south of that...


lame excuses
Yea, but high pressure is what made Rita go south of mainland Florida. When it gets on the back side of the high, it's going to get sucked up north.
 

General Lee

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And it is aiming for Texas. Any airlines based in Texas....?



Bye Bye--General Lee
 

T45Flyer

Fair and Balanced...
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Lotsa
General,

IMHO, the doom and gloom articles/threads that you are posting are beneath you. Your airline went into bankruptsy, not you. In the past you have maintained a fairly kool head and maintained a level of class that we all appreciate here at flightinfo. Since, Delta has went into Ch. 11, you seem to be posting only negative material about other airlines. I realize there are some people on here that are crude and self serving, I just hope that doesn't become you. Please do not take this reply as a slam, just a observation from a concerned lurker. I wish you the best.
 

jetflyer

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we all need to pray for the storm to hit south of tx, in northern mexico where not many people live.

There is still a LOT of the oil still shut-in at the Gulf of Mexico. I believe the oil is only back to about 60% of capacity and the NATURAL GAS is the big story which is only back to about 50% of its pre-Katrina level.

Also the Oil companies have not reported on the extent of the damage to the underwater pipelines from the Gulf platforms to the shore. There was very significant damage to these last year from Ivan that lasted for 3-4 months.

Also there are still many refineries still shut down as well. Some are going to take months to get back. So even if we get oil, we can't refine it all. Thank god the IEA is giving us already refined products.

Unfortunately we're only getting the 60 million barrels they're sending, which includes some of the already refined products. We're going to have to hope the refineries are all back when we burn through those 60 million barrels.

I think they're working their hineys off to get those refineries back though.

Let's just hope more don't get damaged if Rita hits close to Houston where there are many refineries or God FORBID this thing does take a northerly turn and smack close to New Orleans again.

This will be bad for the entire United States.

LET'S BUILD MORE REFINERIES NOW! SCREW THE OIL COMPANIES PROFITS!

Jet

p.s. please don't anybody buy the b.s. the oil companies are spewing that they can't build new refineries because of the environmentalists. They CLOSED VOLUNTARILY over 100 refineries in the last 20 years so they could increase Production-per-Refinery and boost profits!
 
Last edited:

Thunderchief

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T45Flyer said:
General,

IMHO, the doom and gloom articles/threads that you are posting are beneath you. Your airline went into bankruptsy, not you. In the past you have maintained a fairly kool head and maintained a level of class that we all appreciate here at flightinfo. Since, Delta has went into Ch. 11, you seem to be posting only negative material about other airlines. I realize there are some people on here that are crude and self serving, I just hope that doesn't become you. Please do not take this reply as a slam, just a observation from a concerned lurker. I wish you the best.

He's just going for 6000 posts, that's all...
 

Guitar Guy

Charvel - San Dimas
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Enough
General Lee said:
Amazing..... I think United has had it right the whole time---stay in protection FOREVER and never pay all of the bills.....Great idea.

I guess UAL isn't failing to plan or planning to fail with that strategy.:cool:

Best wishes to everyone at DAL for a successful plan to recover from the bankruptcy filing. I hope that DAL doesn't languish for years in chapter 11.
 

say again

I love her ARSE!!!!
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Just another excuse for oil companies to raise their prices!!!!:mad: :mad:
 

General Lee

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T45Flyer said:
General,

IMHO, the doom and gloom articles/threads that you are posting are beneath you. Your airline went into bankruptsy, not you. In the past you have maintained a fairly kool head and maintained a level of class that we all appreciate here at flightinfo. Since, Delta has went into Ch. 11, you seem to be posting only negative material about other airlines. I realize there are some people on here that are crude and self serving, I just hope that doesn't become you. Please do not take this reply as a slam, just a observation from a concerned lurker. I wish you the best.

Thanks for being a concerned lurker. I was mainly commenting on the one day jump in oil. And, give me some positive news about this industry in the last few days please.....I am waiting. I know DL's problems, but others may hurt too thanks to Rita or other problems. I enjoy this whole industry, and I have commented on all of it, and it isn't doing great right now.

Bye Bye--General Lee
 

atpcliff

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Hi!

On Mon, Chevron/Texaco and Dutch Royal Shell evacuated their workers off their oil platforms in the Gulf, which means they are losing lots of money every day. I don't think they'd do that if there was no threat to Gulf oil production from Rita.

Currently, 4 refineries, which produce 5% of US gasoline production are down indefinitely. If Rita hits in TX and takes out a bunch of refineries there also, say goodbye to the (relatively) low gasoline prices we pay right now.

Worldwide, there are 2.5 million barrels of excess oil production per day, which equals 1% of total production. Katrina took out 1.5 million barrels per day, which was 60% of the excess production.

With our huge demand for oil, and so little cushion, any little thing that disrupts the flow of oil can send the prices skyrocketing.

To get off this rollercoaster, we need to develop alternative fuels for our transportation system.

The volatility and the cost of oil will only go up, up, up, until we don't use oil for our main transportation fuel.

Cliff
YIP
 

Superpilot92

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Dunno?
General Lee said:
And it is aiming for Texas. Any airlines based in Texas....?



Bye Bye--General Lee

CAL and XJT biggest hub. Its going to suck!!
 
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