"Greg Copeland" wrote in message
news

On Fri, 01 Jul 2005 13:37:32 -0700, M wrote:
Anyone worries about what the rising avgas price to the light plane
ownership in the U.S? I have absolutely no doubt that the average
avgas price will surpass $5/gallon in about 5 years. We'll probably
see a significant drop of GA flying, along with a big drop of the value
of used airplanes. It's really depressing just to think about it.
I wouldn't worry about it too much. Most people don't realize some simple
facts about oil and fuel costs.
One, the price we pay per barrel has zero to do with its availability. The
price we pay is basically a speculative futures price based on
estimates of what the market will bare. Fact is, oil companies around the
world are making record profits.
Two, there is now more known oil in the world than there has ever been in
the history of mankind.
Quite...and right now, a surplus is being generated. Where the surplus is
going is into storage and reserves.
http://www.trendmacro.com/a/luskin/2...7luskinSMC.asp