Oil Prices Near $50 Per Barrel...again

[USA320Pilot]

NYMEX West Texas Intermediate Crude Oil Futures Price – November 24 delayed quote

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NYMEX West Texas Intermediate Crude Oil Futures Chart – November 24 closing price

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USA320Pilot comments: The Company's S.1113 motion calls for oil to be about $44 per barrel. Each $1 increase in the cost of oil per barrel increases the carrier's fuel expense by $2 million per month.

Best regards,

USA320Pilot

 

[Dog Wonder]

More bad management.

 

[Jennyann]

NYMEX West Texas Intermediate Crude Oil Futures Price – November 24 delayed quote

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NYMEX West Texas Intermediate Crude Oil Futures Chart – November 24 closing price

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USA320Pilot comments: The Company's S.1113 motion calls for oil to be about $44 per barrel. Each $1 increase in the cost of oil per barrel increases the carrier's fuel expense by $2 million per month.

Best regards,

USA320Pilot

[post="203867"][/post]​

Want me to call JR Ewing?????.......I live right down the prairie from Southfork!!

 

[twoturnin]

Now Jenny if you had said " I live right down yander from Southfork" I would have known u were a texican(John Wayne saying)

 

[Jennyann]

Now Jenny if you had said " I live right down yander from Southfork" I would have known u were a texican(John Wayne saying)

[post="203874"][/post]​

Its YONDER Darlin......

 

[Dog Wonder]

Dapends on which side of Taxes your at

 

[usfliboi]

How is the price of oil bad management???????????????? If management said were basing our figures on $52 a barrell, you would be the first to say FOUL!

 

[luv2fly]

How is the price of oil bad management???????????????? If management said were basing our figures on $52 a barrell, you would be the first to say FOUL!

[post="203907"][/post]​

It is bad management if you planned on oil being 44 dollars a barrell. What don't you understand about that?

 

[nycbusdriver]

The government of the United States (i.e. the Bush administration, in particular) is partially responsible for the price of oil remaining so high.

The White House insists on pumping oil into the Strategic Oil Reserves at these infalted prices. Why?

1. The money comes out of our collective pockets, and so far, the tactic has remained under the radar of public knowledge. Now that the election is over, who cares what the public thinks, anyway?

2. Bush's oil buddies in Texas and other oil-producing states are raking in gazillions of dollars in profits since their costs have not doubled along with the oil prices. This is a great incentive to keep the prices high, and the White House can do this by keeping demand artificially high.

3. Keeping the price high also allows immense pressure on the weakest airlines, hopefully forcing the "free" market to do its thing in tossing the chaff. It's no coincidence that the airline that is mostly immune through hedging is based in Dallas.

 

[autofixer]

It is China and India; as they enter the mechanized world. Limited crude supply (You can't drill in the deserts of ANWAR or off the coast of North Carolina or Florida), limited production capacity (Rules making new refineries unprofitable, thus never built). It is basic supply and demand. World demand is going up permantly, while supplies are stagnant. If Bush and his buddies were smart enough to foresee this occurance, more power to them. The demographic shift has been appearant for years, it is just some have burried their heads in the sands of Arabia.

Maybe American and Southwest, being based in Texas, have been reading the oil industry tea leaves over the last ten to fifteen years, instead of going to Steelers or Eagles games and expecting the status quo to remain the same.

 

[goingboeing]

How is the price of oil bad management???????????????? If management said were basing our figures on $52 a barrell, you would be the first to say FOUL!

[post="203907"][/post]​

SWA management had the sense to follow the oil futures and HEDGE fuel prices for 18 months.They are making a profit.That is an example of good management.

 

[Pacemaker]

USA320Pilot comments: The Company's S.1113 motion calls for oil to be about $44 per barrel. Each $1 increase in the cost of oil per barrel increases the carrier's fuel expense by $2 million per month.


Looks like ALPA better stand by for LOA 94

 

[WestCoastGuy]

USA320Pilot comments: The Company's S.1113 motion calls for oil to be about $44 per barrel. Each $1 increase in the cost of oil per barrel increases the carrier's fuel expense by $2 million per month.
Looks like ALPA better stand by for LOA 94

[post="203952"][/post]​

Bend over just ONE MORE TIME, we PROMISE.

 

[North by Northwest]

Why Bush Is Dipping Into Oil Reserves
by Christopher Palmeri in Los Angeles and John Carey in Washington | Oct 11 '04


In the midst of a tight Presidential race and with oil prices around $50 per barrel, the Energy Dept. releases crude from the Strategic Petroleum Reserve. Is President George W. Bush pandering for votes while reneging on a promise to save the reserve for true emergencies? Democrats see the hint of a flip-flop. “Under the pressures the White House is seeing, it's not surprising that a chink would appear in the President's armor,â€￾ says Elwood Holstein, a former Energy Dept. and Office of Management & Budget official who now advises the John Kerry campaign on energy issues.

Guess what? The Bush Admin. turned the tap off right after the election! Bush voters have got to be the MOST DISGRACFULL group of stupid Americans in our great nation's history, to have voted this group of back slapping idiots into office. We will continue to pay a heavy price for this god awful mistake. I hope it hits hardest in "RED" America. I predict we will see oil hit $60.00 a bar. before the end of the next 4 years. Saudi Arabia has it's dirty little hands (at the TOP ) involved in running the American government.

 

[motnot]

I'm willing to bet that your dislike of the president is unrelated to the oil issue, given the factual inacurracies, insults and baseless accusations in your post.

Bush's overall energy policy has certainly been lacking in substance, but the fact is that with the Strategic Petroleum Reserve, the president has done exactly what he said he would: fill it to its capacity and only tap it in case of a major supply disruption. And that's what the situation was in the Gulf of Mexico.

But the lending of oil from the SPR was finished BEFORE the election. And if Bush was really trying to affect the price of oil (presumably to win votes), he did a lousy job of it. A significant release of SPR oil would have a dramatic effect on crude prices, but, again, Bush stuck to his policy of not using that mechanism to affect market forces.