Unfortunately, I've read that the closing dates for several coal power plants have been extended due to reliability issues. So the US and Europe are finding we still need coal power no matter how the USSC ruled.Jump to post
Hmmm.... might the lack of Boeing orders and possible continuing Chinese MAX issues be an attempt a creating a wedge issue between NATO members? Think of all those jobs in Europe if they replace every Boeing aircraft in the PRC. Nah can't be. They've never used aircraft orders for political purpose...Jump to post
Hmmm.... might the lack of Boeing orders and possible continuing Chinese MAX issues be an attempt a creating a wedge issue between NATO members? Think of all those jobs in Europe if they replace every Boeing aircraft in the PRC. Nah can't be. They've never used aircraft orders for political purposes...Jump to post
We should all read this recap of the Hainan incident in 2001. "When a US Navy EP-3 collided with a Chinese J-8 interceptor: the Hainan incident and the last flight of Lt. Cdr. Wang Wei" https://theaviationgeekclub.com/when-a-us-navy-ep-3-collided-with-a-chinese-j-8-interceptor-the-hainan-i...Jump to post
We are not at the mercy of OPEC . Between US and Canadian production and production potential, North America has plenty of crude oil. In fact, we are setting records exporting 3 million barrels of it a day. "U.S. Gulf Coast Crude Exports Are Breaking Records" https://oilprice.com/Energy/Cr...Jump to post
Well I bought Spirit stock yesterday in my brokerage account. How are they going to contact me to vote? looking to hit the lottery hereJump to post
Hey am I the only one who thinks Russian General Pavel (back from retirement) looks like Fat Bastard from "The Spy who Shagged Me"?Jump to post
Which proved Trump right - low prices below the cost of production in the United States would have permanetly devastated the American shale oil industry. So even though shale production fell when prices were low, they quickly went back up when the market realized that OPEC wasn't going to be able to...Jump to post
The bottom line IMO was that the merger between UA and CO did not really serve to public interest. I'm really hard pressed to see that the surviving company was in any way better than the 2 it replaced. It was worse. This merger (and others) should never been allowed. What have we really gained? Onl...Jump to post
Ah yes the famous Canadian syrup cartel. As bad as OPEC. (seriously)Jump to post
A lot of industries and individuals are saying they can't or won't switch away from fossil fuels anytime soon. Especially the airlines. And by alot of consumers.
I'm just not sure what you are going to have to pay for that gasoline or jet fuel for the next 10 years.
Never figured out why Canadian companies (or the Government) did not build a huge refinery in Alberta to process oil sands crude. But then I never could understand why Alaska didn't build an export refinery for the North Slope Oil. Yeah it gets cold up there but Superior WI and St. Paul, MN have ref...Jump to post
FAA fires back at airline management - “People expect when they buy an airline ticket that they’ll get where they need to go safely, efficiently, reliably and affordably,” the FAA said in a statement. “After receiving $54 billion in pandemic relief to help save the airlines from mass layoffs and ban...Jump to post
Gas prices could reach ‘apocalyptic’ levels during hurricane season, oil expert warns https://nypost.com/2022/06/24/gas-prices-could-reach-apocalyptic-levels-during-hurricane-season-oil-expert/ Tropical Development Possible By Early Next Week Near Windward Islands; 'Bonnie' Could Then Become Caribbe...Jump to post
You can have all the material and numerical advantages but breaking thru prepared defenses is a no walk in the park. e.g.. look how long it took the Allies to break out of Normandy against dug in, motivated fighters. There were still German units in Dunkirk at the end of the war conducting counter a...Jump to post
Thats amazing - even with wages and fuel costs rising and operational meltdowns their earnings will be even more than projected.Jump to post
Trump's pressure on the Saudi's was the RIGHT move. They could have crushed US shale production due to their lower cost of production compared to drilling in the States. We saved many oil field jobs and expertise that would have taken years to reconstitute. Remember there was so much oil that compan...Jump to post
Does anyone know how many pilots are still being paid that are no longer flying? IIRC for example didn't Delta's retirement incentive package include being paid a certain number of hours per month until age 65?Jump to post
Was the story about the Russian rocket attack killing 50 Ukrainian senior officers false?
Also did something just happen on Snake Island?
As been mentioned in previous posts - it's not the lacke of crude oil. Too many refineries in North America shut down or being converted to sustainable fuel production. Come-By-Chance refinery for example used to refine 130,000 bbls a day but is now out of service being reconfigured to produce biofu...Jump to post
Lets see - 1) labor costs for airlines are going to continue heading up, actually much higher with new contracts 2) interest expenses on the big debt loads are going up, actually much higher as the FED fights inflation 3) jet fuel costs are still rising and may go much higher if we have supply disru...Jump to post
My point really wasn't that TOL should have EAS subsidies. There is an advantage for a city to be connected to the aviation system. Recall that we just spent $54 billion dollars because air service is critical to the US economy. Toledo is just the first - another thread talks about Dubuque Iowa losi...Jump to post
American car buying habits from the 70's and 2008 are returning. Just like then, big gas guzzlers are piling up on dealer lots and fuel efficient one are in short supply. With sky-high gas prices, dealers suddenly have more of these types of vehicles to sell https://www.marketwatch.com/story/with-sk...Jump to post
The Government used to care about competition and approved very few mergers. That ended in the 90's. No way any company should have more that 5 or 10% of market share in any "critical" industry. Softball manufactures - no problem. Baby food makers - yep. Time to start breaking companies up.Jump to post
Toledo's situation (and others coming) points out IMO the need to modify the regulation that limits single pilot operation to 9-seaters. Would it be the end of the world if that number were raised to 12 or 14? The US has a EAS subsidy because it sees the benefit of air travel to cities that can't su...Jump to post
Bailouts, I thought the Federal government and some states provided funds to the airlines to keep staff on versus widespread layoffs / furloughs which would have dumped them all on the social services network, the topic header makes it sound as if during Covid the airlines got government funds to p...Jump to post
From Goggle - As part of NATO's nuclear umbrella , Turkey continues to host approximately 50 U.S. tactical nuclear weapons on its territory at Incirlik Air Base. While the Cold War-era B61 bombs serve little military purpose, they provide tangible evidence of a continued American commitment to Turki...Jump to post
I'd certainly feel better if we took our nukes out of Turkey and handed the air base back to the them.
Maybe we could rotate a few aircraft through there but I thnk US forces in Turkey are a liability now. Let them pay for it's upkeep.
Yes the some of the residents of Toledo are poor (just like DET, CLE and CHI) but there is alot of money in the Burghs. They are thousands of manufacturing jobs left at JEEP, Big 3 suppliers and Big 3 component and stamping plants, the refineries, Cleveland Cliffs, rail, the docks, agri businesses....Jump to post
Yes the some of the residents of Toledo are poor (just like DET, CLE and CHI) but there is alot of money in the Burghs. They are thousands of manufacturing jobs left at JEEP, Big 3 suppliers and Big 3 component and stamping plants, the refineries, Cleveland Cliffs, rail, the docks, agri businesses. ...Jump to post
Could TOL support 9 seaters to DTW? Most folks would drive but perhaps enough folks would rather not rent a car or take a limo back and forth to DTW. A limo (cab actually) is around $140 from downtown TOL to DTW. I used to arrange for employees to make that trip alot. I did book a few on the AA flig...Jump to post
Agree. But the weakest margin refineries refineries will continue to shut down as gasoline demand declines. Still would make sense for the the airlines to buy refineries (once things calm down) to ensure supply. Will be interesting to see but it's possible that Delta's Trainer Refinery and fees from...Jump to post
The wealth effect (or the loss of) may soon be showing up in bookings. "Using the Federal Reserve's rule of thumb that for every $1 loss in wealth, households reduce spending by 4 cents, the decline in asset prices to date will almost certainly result in consumers cutting back spending. "O...Jump to post
In the States they looked for years for alternatives but no breakthroughs. So they still use corn. In Brazil I believe it's sugar cane. I'm not a Chemical Engineer so I don't know if a dual feedstock (crude oil/palm/corn oil) refinery can work. Each process unit in an oil refinery is designed for ce...Jump to post
I should add that the refineries that are still operating are at a greater and greater risk of catastrophic failures as they get older and older. Most are well maintained but no one replaces all the processing units or x-rays every foot of pipe. Off hand I can think of 3 recent major disaster - BP's...Jump to post
You could see incremental refinery modifications to get say a a couple of thousand more barrels of output but most of the easy stuff has been done. Alot of the refinery cap-ex spending in recent years has been to simply make the cleaner fuels required - Ultra Low Sulfur diesel for OTR trucks and low...Jump to post
I like Biden but he is looking for a scapegoat- https://www.cnbc.com/2022/06/15/biden-tells-oil-companies-in-letter-well-above-normal-refinery-profit-margins-are-not-acceptable.html " Biden said that his administration is prepared to use “all reasonable and appropriate Federal Government tools ...Jump to post
We reap what we have sowed. Time for Biden to show some guts and put a consumption tax on fossil fuels. Exactly, give his voters what they asked for, higher gas prices and whatever inflation it causes. These high gas prices should bring a twinkle to his voters eyes, because he ran on the promise of...Jump to post
"Natural gas plummets as Freeport delays facility restart following explosion" - https://www.cnbc.com/2022/06/14/natural-gas-plummets-as-freeport-delays-facility-restart-following-explosion.html Excerpt - "Natural gas prices plunged on Tuesday, after Freeport LNG said its facility tha...Jump to post
Just the facts - "As a result of several U.S. refinery closures in 2020, U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity in the United States, dropped 4.5% to a total of 18.1 million barrels per calendar day (b/cd) at the start of 2021.. The e...Jump to post
Why do you need cheap gas?. Expensive fuel, just like inflation, hurts the poor far harder than anyone else. Do you want poor people to lack cheap, reliable means of getting to and from work, enjoying their leisure time, etc? Expensive fuel also hurts by raising the prices of EVERYTHING else. Again...Jump to post
Just to ponder "...gas prices are at their highest in Hong Kong, at $11.213 per gallon, followed by Norway ($10.820), Denmark ($10.321) and Finland ($10.125)." Gasoline prices are an unbeatable $0.084 per gallon in Venezuela, the country that boasts the biggest oil reserves in the world. T...Jump to post
Maybe Spirit's plan is to delay until rising interest rates make this deal untenable. And why B6 is in a hurry. Rumor is the FED's may raise rates .75% next meeting. Some believe rates will go up 2.5 % in total this year since the buyout was announced. This would increase the cost of funding this me...Jump to post
How would she prove that the transmission of the STD occured in the vehicle owned by the insured.. I don't think this has to do with unpaid medical bills but damages. No way did Geico or any insurance company figure this in their rates. And who carries $5 million dollars plus of insurance? Too many ...Jump to post
I vote for Textron. Entrepreneurial, customer focused, quality. Midwest work ethic.
Hasn't developed that bloated, cocky management style so many big companies have.
Efforts continue to shut Line 5 that runs from Superior Wi to Sarnia, Ontario. It carries 550,000 bbls of Canadian and North Dakota oil per day. Environmentalists claim there are safer way to move this oil but it beats me on where you are going to find the trains or pipeline capacity to move that mu...Jump to post
In the US State I live in, E85 gasoline sells for $4.19 per gallon. Regular gasoline sells for $5 per gallon. Since you can expect 25% less miles per gallon with E85, it is not an economical choice. I'm not familiar with LPG fuel for automobiles because the few converted vehicles here run on either ...Jump to post
Nice recap - thanks for the work. I sure hope the progressives lose - time for the country to return to the middle.Jump to post