|Quoting Khobar (Reply 3):|
Oil prices are artificially inflated due to so-called "jitters" about instability in the Middle East
Wow, someone FINALLY understands why prices are so high!! The oil companies aren't gouging (well, maybe not as bad as people say they are). It's the damn NYMEX traders that inflate the prices like none other for something as simple as a rumor that Iran might advance their nuclear program or Nigeria may have more rebel attacks, etc etc. Exxon Mobil doesn't hike their prices on a whim like NYMEX traders do!!
Well, yes and no. I don't know the exact figure on it, but WN
's oil futures are set to run out in about 18 months or so, IIRC. Why has AA
been building up it's ops out of DAL
so significantly?? Why have they been offering free round trip tickets out of DAL
just for joining AAdvantage?? AA
is gearing up for the coup de gras on WN
, out of DAL
at least, once WN
's oil futures run out. Why do you think AA
got the nickname the "Sky Nazis"?!? As the only legacy carrier who has not declared bankruptcy, and is even expected to turn a decent profit for FY2006, they could probably easily eradicate WN
out of DAL
if they put a lot of resources into it. They may lose a lot of money doing it, but when was the last time AA
cared about that, so long as another competitor was eliminated?!?! Air Cal, Reno Air, TWA, the list goes on.....
Personally, I say more power to em!! Once WN
oil futures expire, AA
prices out of DAL
will be dirt cheap.......and, I've never been a big fan of WN
anyway, so I'd probably secretly revel in it if AA
was able to get rid of em'.