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Old 18th Feb 2008, 12:04
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missingblade
 
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Peak Oil - seniority takes on a new meaning!!

AKA we have bigger problems than a weak AOA:

In the entire world, there are perhaps a trillion barrels of oil left to extract — which may sound like a lot, but isn’t. When newspapers announce the discovery of a deposit of a billion barrels, readers are no doubt amazed, but they are not told that such a find is only 12 days’ supply. Nor are they told that all the big discoveries are far in the past. American production peaked in 1970, and even Saudi oil won’t last much longer. The production of oil is beginning a perpetual decline, while demand will continue to increase. The only event that could reduce demand for oil would be a global depression; reduced oil consumption would then be part of the overall collapse of the world’s economy.

And aviation along with it......

http://www.airliners.net/articles/read.main?id=81

Are you high enough on the seniority list to survive the downturn....?
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