Fuel Prices
After watching a 4 corners (Australian news/documentry show) documentary on dwingling global fuel reserves there is speculation that in our lifetime the oil industry may dry up or become so expensive that it may become prohibitive to everyday use for the normal person - far sooner than originally expected.
The major airlines have already been stung by this unnerving trend towards increased fuel prices, Qantas Airlines last year lost AUD$1 Billion (yep you read correctly) profit primarily due to the increase in fuel costs after hedging.
Does anyone forsee implications for the rotary wing flying industy. Has there been any projections, predictions?. Worse case scenario - are we all going to be staring at grounded machines in 30 years time as we can't afford to run them?
Any thoughts?
Greg Bird