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Bruce Wayne
22nd Oct 2008, 21:51
Due to falling oil prices OPEC is seeking to curb production.. (http://www.reuters.com/article/reutersComService_3_MOLT/idUSTRE49L50I20081022)

and

Russia could become a swing producer to influence global prices (http://www.reuters.com/article/topNews/idUSTRE49L20S20081022)

These issues of course have effect on Oil Prices and the Direct Operating Costs of aircraft.

sisemen
23rd Oct 2008, 05:25
In the past, having been stung for fuel surcharges, I am now in the position of having made an advance purchase of a ticket to the UK and am awaiting the refund given that the price of fuel is plumetting.




.....no, I didn't think so!

barit1
24th Oct 2008, 16:58
OPEC cuts production (http://english.aljazeera.net/business/2008/10/2008102492857801575.html)- yeah, right...

In past oil crises, producers have been happy to increase production when prices are rising (i.e. 1973, 1981,...) -

But, "hooked on petrodollars", they are reluctant to cut back when prices fall. Sic semper cartels. The resulting oversupply brings BIG price drops as suppliers try to dump excess inventory.

At some point the cheaper fuel will filter thru to cheaper fares... and the smarter airlines will buy up future supplies.