Here are a few facts:
The airline industry is directly impacted by the cost of fuel (1ct raise/ gallon translates in tens of million lost; 11 million/year/1ct for my outfit)
National reserves are being fill up when oil prices are the highest and at a point that hurts this industry the most.
For the good news now:
Drilling permits in west Texas are at a peak in decades.
Exxon Mobile is reporting record profit (over 5 Billion/quarter). Yep, that's profit, Yep that per 1/4, yep that's a B....as 5,000 million like what the airline industry has lost in the last 10 years
Hey guys. This is not rocket science. Just basic survival instinct. You can blame the state of the industry on a lot of things. But the bottom line is that oil price is what makes the difference today between the airlines in the black and the ones going under.
On another note, the oil industry is the best industry in the country right now and the best it has even been thanks to an outstanding oil policy.
Drill more you said?...yep that's the solution....drill more....drill a big hole.
The airline industry is directly impacted by the cost of fuel (1ct raise/ gallon translates in tens of million lost; 11 million/year/1ct for my outfit)
National reserves are being fill up when oil prices are the highest and at a point that hurts this industry the most.
For the good news now:
Drilling permits in west Texas are at a peak in decades.
Exxon Mobile is reporting record profit (over 5 Billion/quarter). Yep, that's profit, Yep that per 1/4, yep that's a B....as 5,000 million like what the airline industry has lost in the last 10 years
Hey guys. This is not rocket science. Just basic survival instinct. You can blame the state of the industry on a lot of things. But the bottom line is that oil price is what makes the difference today between the airlines in the black and the ones going under.
On another note, the oil industry is the best industry in the country right now and the best it has even been thanks to an outstanding oil policy.
Drill more you said?...yep that's the solution....drill more....drill a big hole.