Regionals and Oil this summer

MikeOH58

MikeOH58

Well-Known Member
So I am seeing a lot of people getting picked up by the regionals lately, and have heard that AE is looking for something like 500 guys by years end?

By all indications, we are looking at another insane year (summer) of gas prices. We all know what happens next...Not that I am looking, but is this really the hiring wave people want to get on? Is it possible a large amount of people see furlough within a couple months?

PS I know nothing of the 121 world so this all could be wrong =)
 
I predict (off the cuff, so take it for what it's worth) that the majority of those hired this wave, will be furghloued before they even make it to reserve, due to the artificially inflated gas prices. They are the biggest farce that exists in our economy. The oil companies know what they are doing, the are still making huge profits. I think there needs to be some kind of regulation of gas prices, or at least some kind of over sight. For there to be so little over sight of something that has such a huge impact on our economy is foolish.
 
As to the 121 world, I don't know. Time will tell. I'm not necessarily looking to go that route, but I won't burn that bridge either.

MikeOH58 said:
By all indications, we are looking at another insane year (summer) of gas prices. We all know what happens next...
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More time on the motorcycle. Which to me is a pretty good consolation prize to high gas prices. Higher prices often mean less traffic as people attempt to conserve where possible.
 
Beech driver said:
As to the 121 world, I don't know. Time will tell. I'm not necessarily looking to go that route, but I won't burn that bridge either.



More time on the motorcycle. Which to me is a pretty good consolation prize to high gas prices. Higher prices often mean less traffic as people attempt to conserve where possible.
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Easier to get a word in edgewise too...

How often is the imminent death/downturn of insert industry here predicted?
 
The pilot shortage will be so great not even high oil prices will be able to stop me from being my own SJS Captain in a year. Muhaha!

No really, here the furloughs come.
 
I don't care if I get furloughed. I just want to be able to fly a jet before the world ends in 2012....
 
Well I actually think that the oil prices are going to dip again in a couple of months. If it doesn't dip I still think it will stabilize between $80-$100. Another thing to consider is the USD. If by chance the dollar gains some ground with the economy picking up that will help the price too.


Hey someone has to look on the bright side!
 
I would hope a lot of the airlines learned from their last mistake and hedged a lot of oil before it started to go up again.
 
Rotor2Wing said:
Well I actually think that the oil prices are going to dip again in a couple of months. If it doesn't dip I still think it will stabilize between $80-$100. Another thing to consider is the USD. If by chance the dollar gains some ground with the economy picking up that will help the price too.


Hey someone has to look on the bright side!
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GAH! Go post somewhere else. Your happines is not welcome round heya!




:sarcasm:



Seriously though, I see just the opposite. The oil companies know what they can get away with now. They are like a 4yr old. They go right up to the limit, and then just beyond, to see what happens and if they can get away with it.

Two things need to happen.

#1: Oil Futures trading needs to stop. Look at what it's doing to the price of a barrel and the backlash it has on the economy.

#2: More oversight of oil companies. Like I said in my previous post, no one is really watching what the oil companies are doing to generate their profits. The straw that broke the camels back IMO when this recission started was oil prices. When it comes down to paying the mortgage, or putting gas in the car, most put gas in the car, and it's a domino effect that self fuels. If you can't get to work, you can't pay the mortgage. And I am only a few dollars shy this month, so if I put some gas in my car, I can make up the difference. But next month, I'l be a little more short, and the months after that, etc., etc.


If the dollar strengthens, oil may come down. But the numbers that we see are inflated, feel good statistics. We created just over 151k jobs last month, but there is still 5 million out of work, so we haven't even made a dent.

I don't mean to sound all doom and gloom, I'm just being real about it.


http://losangeles.cbslocal.com/2010/11/05/jobs-boost-helps-but-millions-still-unemployed-at-risk/
 
I am not 100% sure, but I don't think the oil companies actually get the full amount of what the futures sell at. The oil sells at one price and eventually trades up to the higher price. Unfortunately the consumer gets owned in the process. Oil bought for $50/barrel (price going to oil company) a couple months in advance could end up selling at $80/barrel (price going to contract owner) by the time the actual oil is delivered. As long as someone is willing to buy oil at $80/barrel it will remain at that price.

I could very well be wrong in how it works as I am a pilot and not a financial guru.
 
As optimistic as I am, I don't see the oil price going lower that it is now. In fact, I would have to agree with mshunter's #2 paragraph. People are going to have to pick the lesser of two evils. Maybe it's just the pessimist (doom) in me. I truly hope things change for the better.
 
Simple supply and demand. Supply is stable for at least another 50 years therefore demand will be the only thing fluctuating the prices. Higher prices leads to lower demand leads to lower prices. Will prices hit $4.00 a gallon again, yes; will prices fall below $4.00 again, yes. Keep to the basics and understand the media's goal is to scare you for ratings and you'll find a lot less to stress about.

Sincerely,

Your Economics Professor ;)
 
mshunter said:
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Seriously though, I see just the opposite. The oil companies know what they can get away with now. They are like a 4yr old. They go right up to the limit, and then just beyond, to see what happens and if they can get away with it.
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I think we saw a little of that last week. Everyone was convinced it was gonna crack $100 a barrel. Then the sell offs started, and we're back to around $88 a barrel. I think the oil companies know that the current economy can't really support $100 a barrel oil. If it gets up that high, it'll correct. It may correct like it did last time.....with a free fall. That's the LAST thing they want. They, however, don't really control the price past supply and demand. It's the futures traders that do that by buying and selling, and they stand to lose even more than the oil companies if there's a major correction. It's why so many went into emergency "sell" mode when it hit $98 a barrel last week. It's been dropping further this week based on a (shockingly) stronger dollar. Honestly, have oil trade in local currency instead of dollars all over the world, and it'll take a lot of the flux out of it. If the dollar weakens, people that get paid in Euros or other stronger currency go running to oil becuase it gets them a better return thanks to the exchange rate. It's one of the things that contributed to the high price a couple of years ago.
 
Douglas said:
Looks like somebody is gonna hafta order some Turbopprops then.
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I don't disagree with you there at all, but ASA can't just snap their fingers tomorrow and have 100+ Q400/ATR72's show up. It would take a decade or more to get everything replaced in the country, if it had to be done.
 
KSCessnaDriver said:
Yes, because like it or not, they do provide feed for the bigger airplanes. And if you can't fill those bigger airplanes, they can be parked too.
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Our newest routes at 9E are things like CLE-JFK, JFK-ORD and three times daily between PIT-BOS. Hardly feeding the big boys. We're doing runs that should be a DC-9 or an A320.....
 
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