Crude Oil And Its Effect On Us Airways

[TheLarkAscending]

What is it with you and Lark are you just trying to bully a woman. Why do you continuity debate her on this forum about things not having anything to do with USAirways yet most of the time you won't debate your own USAirways mantra with others on this forum? It reminds me of a mechanics spouse in the past. Maybe what Lark said earlier has some credence after all.

[post="255136"][/post]​

UVN, someone is confused into believing that their opinion matters. Isn't that how all of this began? Full circle, once again. And the laughs just keep on coming.....

This interaction is as dead as the horse that was beaten to prove it = Case closed.

 

[EyeInTheSky]

At least Lark knows what humor is. Unlike our uptight cockpit colleague.

 

[savyinvestor]

I think USA320 is stressing out. He has always been strange, but this deal with Lark is too much. I firmly believe he needs some time off from flying and this board. Not good USA320, not good. Savy

 

[BoeingBoy]

Since the legacy carriers have had two fare increases in the last 2-1/2 weeks or so, I thought I'd throw this out.....

Southwest Airlines Raises Most Fares

Jim

 

[BoeingBoy]

After starting out the day lower on remarks by OPEC's president and a couple of Middle East oil ministers, oil reversed course this afternoon except for NYMEX.

NYMEX $54.85/bbl (down 1 cent from yesterday's close)
WTI $54.95
Brent $53.81

(all from Bloomberg)

Jim

 

[markkus757]

Let's get one tjhing straight, oil is not going down below $50, no matter how much is pumped. People are having a tough time refining it. It's not just a crude supply issue. As China keeps ramping up under the Kyoto treaty, nothing is going to keep their demand in check because they are allowed to pollute at will. When summer demand starts again, $60/barrel is what I'm guessing. A320, don't bother to discredit me either. The special I saw last week on the mind drainer(t.v.) showed how Saudi Arabia, the number pumper in the world, cannot refine any faster than they already are. They are also talking about most resources in the world are starting to pump more sulphur-rich crude that takes more refinement. Saudi Arabia and a substantial amount of other OPEC nations are incapable of refining enough of this type quickly enough to reduce to curve low enough for airlines to hedge successfully for the future. It's so bad that China is building their own refineries right now to just refine the sulfur-rich crude that they are buying. Bottom line is somebody needs to reduce capacity. You might get WN to go along with another $5 increase on top of their $1-$3 that they just added, but this just delaying the inevitable; a company needs to close their doors.

 

[savyinvestor]

I believe I read that India is ramping up big time too. Savy

 

[BoeingBoy]

As China keeps ramping up under the Kyoto treaty, nothing is going to keep their demand in check because they are allowed to pollute at will.

[post="255500"][/post]​

Interesting news on oil companies today. Unocal is in play and guess who is rumored to be one of the bidders - a Chinese firm.

Wonder what the effect on refined product prices would be if Unocal ends up in Chinese hands and they decide to ship all (or a significant part of) the product to China?

Jim

Unocal Sees a Third Possible Suitor
Italy's ENI SpA, ChevronTexaco Corp. and China National Offshore Oil Corp. are all considering bids for Unocal Corp., The Wall Street Journal reported. The prospect of a bidding war has pushed Unocal's share price up to $61 from $54 in the past two weeks alone, and the California-based company is now worth more than $16 billion. ENI, 30 percent of which is owned by the Italian state, hasn't yet decided whether to make an offer -- and may not do so. An ENI spokeswoman said talk about a bid for Unocal is "hypotheses from the market." A Unocal spokesman declined to comment.

 

[USA320Pilot]

Crude Oil Falls as OPEC Reaches Consensus on (increased) Output Targets

Complete Story

Regards,

USA320Pilot

 

[BoeingBoy]

Yup, nearing noon down all of 25 cents according to CNBC - to $54.70. Oops, just went back up a nickel.

Jim

 

[jimntx]

Crude Oil Falls as OPEC Reaches Consensus on (increased) Output Targets

Complete Story

Regards,

USA320Pilot

[post="255734"][/post]​

Maybe, maybe not...

OPEC seen less likely to hike output

I think some pundit is going to be wrong. Ya think?

 

[jimntx]

Yup, nearing noon down all of 25 cents according to CNBC - to $54.70. Oops, just went back up a nickel.

Jim

[post="255747"][/post]​

We're all saved! It has plunged to $54.60 at 12:35 ET.

 

[usairways_vote_NO]

54.90 54.90

 

[BoeingBoy]

I know.....let's all only post when oil goes down and stay mum when it goes up - that way we can pretend that all is well.



Jim

 

[USA320Pilot]

Oil Eases, Growth Forecasts Temper Drop

See Story

Regards,

USA320Pilot