Chimbu,
good post, but like I said above: "For every Bubble, there is a needle in waiting (Warren Buffett)".
This one too, will burst, IMHO probably sooner rather than later. Albeit, a rapid, very temporary spike to higher levels is possible. Most Airlines however, will not feel the pinch on their blance sheets, but it surely will scare the living daylight out of them.
Nevertheless, high oil is generally a tax on the consumer, as it is passed on by the producers...
No doom and gloom, just a hick-up.....
