Hey you miserable bu:mad: have you seen oil below $110. Don't panic yet.:ok:

In my opinion i don't believe that we will ever see the price of oil below $100 (not for long anyway). The Iran/ Russia issues are far from over and with the strong demand for oil increasing and supplies dwindling well i guess you can guess the rest. Has the threat of oil reaching $200 gone away? for the time being yes eventually it will rocket again (certainly if bush decides to have 1 last war before he leaves office :ugh: )

Anyhow back to playing with my crp5 thingy :)

Credit crunch 'to last into 2010'
 

The credit crunch is likely to last well into 2010, the head of the UK's largest mortgage provider has warned.
http://news.bbc.co.uk/1/hi/business/7601461.stm

If things were only this bad....

Is there a reason why this post is not active anymore? :\

Because a majority of posters on this forum don't like the truth?! WWW does come across at times as a miserable git but he isn't far off the mark.
For what it's worth I was having lunch with an old school friend who has been an estate agent for best part of 20 years. He said that the property market has died over the last few months unlike he has ever known it. The company viewing diary is empty and they're quite a major company.

I remember reading this thread at the start and thinking WWW was being unrealistically negative and playing the devil's advocate. In retrospect the posters who said we were staring into the abyss of a global recession had a far better grasp of the situation than I had. I'm certainly less naive now! However, in the company I work for at least, things are beginning to look up. Undoubtedly there will be many new faces in the crewrooms before next summer, none p2f, none sstr, all full time contracts which can only be good news for wannabes.

I was one of those who believed him :)
That is why i didn't continue pilot training.

I'm back now because i got a sense it's picking up.

But i know nothing and thats why i'm here again, to see what WWW and other like Bealzebub has to say.
:}

Edit: And around the time i was hanging around here (date when i registered and around 10 months forward) this section was extremely active.

Now its really inactive compared to before.