The Oil Drum: Australia/New Zealand | Oil and the future - the commuter shift to public transport

51 comments on Oil and the future - the commuter shift to public transport

Comments can no longer be added to this story.

| Show without comments | PDF version

Cretaceous on May 30, 2008 - 10:59pm

"The cheap airline industry will collapse."

Yes, I've been thinking that the airlines would move back towards the model of the 1960s, with much less mass tourism, but still servicing demand from diplomats, businesspeople, rich jetsetters, etc. (Those were the days when the "Economy" seats in a Qantas 707 were only a couple of rows down the back.)

But oh dear, it seems like the *expensive* airline industry is collapsing first...
http://www.smh.com.au/news/news/big-drop-in-passengers-flying-at-the-poi...

Comments can no longer be added to this story.

jteehan on May 30, 2008 - 11:11pm

I was listening to the CEO of Southwest saying they were hedged in the 60s through 2011. The guys asking the questions suggested he park those pesky planes and change the company into a hedge fund.

Probably not a bad idea.

On another note, one would think at least a hint of an explanation would be proffered explaining how the price keeps going up with 4.3% less driving. We all know the answer, but I'd like to see the squirming on Bubblevision.

I'd also like to hear a talking head explanation as to why we need more refineries if usage is down 4.3% Seems we should be mothballing a few. Could you imagine the outrage towards XOM Rex if he shut a refinery until demand picked up?

It just seems to me the media could come up with more convincing arguments explaining the situation. Something really perverse like saying in the new economy prices rise when demand falls. Therefore, the only way to lower gas prices would be for every "real" American to go buy a nice big Suburban before the "terrorists" win.

I guess that's enough useless rambling from Sheeple #217,038,991

Comments can no longer be added to this story.