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| Price of Oil drops, Maybe AirFares soon to follow https://forum.costaricaticas.com/viewtopic.php?f=4&t=13091 |
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| Author: | Flacoduro1 [ Fri Aug 18, 2006 8:27 am ] |
| Post subject: | Price of Oil drops, Maybe AirFares soon to follow |
The price for a barrel of oiled droped yesterday to $70.16, 8-17-06, on CNBC one so called expert on oil is predicting it will back down, to $50.00 a barrel. He was pointing out that Saudi Arabia is storing 370K barrels a day and is running out of storage space, they'ar storing it now on tanker ships. He also stated it was nothing more than commodies speculators biding up the price based upon world politics, the possibility of a hurricane and industry problems. His words " the oil buble is about to burst". The persons who get hurt by this BS oil speculation is the working class. The country club republicans continue to drive their Hummers and Escalades while the rest of us cut back. Sorry for the tirate. I believe airfares will drop as we head in to the fall, a couple of web sites that predict airfares are farecast.com and farecompare.com have it dropping to 358.00 base plus taxes and fees, about 420.00 out of Miami. Flacoduro |
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| Author: | Squirrel88 [ Fri Aug 18, 2006 7:24 pm ] |
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This doesn't look that good. Crude Oil Gains for First Day in Five on Demand Outlook in U.S. Aug. 18 (Bloomberg) -- Crude oil rose for the first time in five sessions on speculation that the U.S. economy is still strong enough to keep demand from falling. U.S. oil inventories have declined in the past three U.S. Energy Department weekly supply reports and are down 4.6 percent since mid-June. Oil dropped below $70 a barrel today for the first time since June as reports indicated a moderating U.S. economy. ``We've ridden down this market as far as it will go,'' said William Adams, chief energy and capital market strategist at LaSalle Futures Group Inc. in Chicago. ``The demand picture hasn't changed.'' Crude oil for September delivery closed up $1.08, or 1.5 percent, to $71.14 a barrel on the New York Mercantile Exchange. Prices fell to $69.60 during the session, the lowest since June 21. Oil, which dropped 4.3 percent this week, is still up 17 percent this year. Oil also rose because of concern that supplies might be disrupted if Iran faces United Nations sanctions over its nuclear fuel program. The U.S. will press the UN Security Council to impose economic sanctions if Iran doesn't meet an Aug. 31 deadline for stopping uranium enrichment, U.S. Undersecretary of State Nicholas Burns said yesterday. Iran has said it will answer the Security Council resolution by Aug. 22. Nuclear Power Iran has the ``right'' to nuclear energy for power generation, President Mahmoud Ahmadinejad said yesterday, according to INRA, the state-run Iranian News Agency. The U.S. and the U.K. suspect Iran is using its atomic program as a cover for the development of weapons. ``In the event that Iran does not give an answer to the Security Council and does not comply with the conditions, I think we will want to move very quickly in the first part of September toward a debate about sanctions,'' Burns said yesterday. ``We've given Iran every opportunity to comply. It's not a mystery what has to happen.'' Adams said he doubted that Iran would cut off its oil supply to the rest of the world. Still, sanctions would create problems for the market. ``No one's going to benefit from this,'' he said. ``Sanctions are definitely going to cause some challenges to supply.'' Brent crude oil for October settlement rose 72 cents, or 1 percent, to $72.30 a barrel on London's ICE Futures exchange. Prices are up 16 percent from a year ago. To contact the reporter on this story: Matthew Leising in New York at mleising@bloomberg.net . Last Updated: August 18, 2006 15:32 EDT |
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| Author: | Joker99 [ Mon Aug 21, 2006 12:27 am ] |
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The problem is when Bush starts a war with Iran that will push the price of oil up.IMHO |
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| Author: | El Silencioso [ Mon Aug 21, 2006 12:31 am ] |
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Seriously considering it.....cheapest I have seen in a while. ORD to SJO on Taca.com Thursday, August 31, 2006 to Monday, September 4, 2006 Total fare 478.72 |
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| Author: | BlueDevil [ Mon Aug 21, 2006 5:39 pm ] |
| Post subject: | Air Fares |
Unless the airlines start adding back some flights, I expect prices to remain high. |
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| Author: | Zebra [ Sat Aug 26, 2006 11:39 pm ] |
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While checking the USAIRWAYS website for fares from WASHINGTON/DULLES to SJO, I followed through with the entire pricing procedure to see what the ultimate price would be; total, including all taxes and fees. I was surprised [and not surprised] to see that after the base price, a "FUEL SURCHARGE FEE" of $65.00 was added to the base fare each way. With fuel dropping in price in the past week or so, maybe we'll start to see some lower priced fares.  But I'm not holding my breath.
Zebra |
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| Author: | Irish Drifter [ Sun Aug 27, 2006 12:35 pm ] |
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I have a family gathering to attend in October so I have been monitoring San Jose/Philadelphia fares for awhile now. Last week the fare on AA dropped $87.00 to $531.70. Hoping for a little more of a reduction around the middle of September. |
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| Author: | Ace [ Sat Sep 02, 2006 12:43 pm ] |
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Delta is back down to $587 from $607 for round trip between ATL and SJO. This is their old price. |
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| Author: | Morning Wood [ Sat Sep 02, 2006 3:24 pm ] |
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Joker99 wrote: The problem is when Bush starts a war with Iran that will push the price of oil up.IMHO
what an intelligent thought process here |
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