This is an "UNOFFICIAL" source of information regarding my role as a representative for the IBT, representing Mechanics and Related on United Airlines. Nothing on this blog should be considered as an official position or opinion of any Officer or Agent of the International or any Local. The opinions expressed here are the authors only.
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Monday, July 27, 2009
Oil pricing
Where is oil headed? Here is a good article from Reuters UK that speculates we are currently seeing a top in oil and prices may settle to thirty five dollars by year end. Of note was the theory that as the economy rebounds less Government dollars would be pumped into the private sector which would boost the dollar. If true this would certainly give the airlines more breathing room.