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Craymondw(at)aol.com
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 Posted: Wed Nov 07, 2007 7:35 am Post subject: Oil |
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My daughter in law is the assistant to the owner of a 15 billion dollar hedge fund that operates out of Greenwich Connecticut. Oil futures options are now being sold for $200/ barrel!!! That means auto fuel could average $7.00/ gallon and 100 LL $11.00/ gallon. A few years ago a round trip flight to Destin Florida ran me less than $59.00. That same trip now runs me $150 and at $11.00/ gallon will cost $330 for 100 LL. Any body that thinks Ethanol is the answer, I have a bridge to sell you.This doesn't look good for aviation. I feel once this sinks in aviators will trailer their aircraft to their garages and park them there. The largest consumers of oil are American utility companies and higher utility bills will drive up the cost of every thing. Looks like we are in for Hell! I listened to a Texas geologist say that he knows there is enough oil under the ground in the United States to meet its needs for the next 200 years!! The blame for this mess falls right in the laps of the socialist environmentalists and a weak government.
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darnpilot(at)aol.com
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| Posted: Wed Nov 07, 2007 2:01 pm Post subject: Oil |
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I agree with what you say up to the point you blame it on "...the socialist environmentalists and a weak government." The blame is on corporate greed and conflict of interest of government representatives, especially those beholding to Big Oil. Those that profit from high oil prices and war are the winners (and they are in control).
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