Katrina to Kill Continental This Year?
Sep 3, 2005 | 3:44 pm
#31
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Originally Posted by cAAl
Interesting. These two positions seem to be the offspring of radically different ideologies. On one hand, the anti-oil company notion of capping their profits. On the other, the environmentally unfriendly desire for the proliferation of oil refineries.
Sep 3, 2005 | 6:46 pm
#32
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This is extra bad news since they've already used up the bulk of storm names for 2005, there's only 8 names left!
Nate
Ophelia
Philippe
Rita
Stan
Tammy
Vince
Wilma
Nate
Ophelia
Philippe
Rita
Stan
Tammy
Vince
Wilma
Alpha
Beta
Gamma
Delta
and so on.
Last edited by IAH_FLYER; Sep 3, 2005 at 6:54 pm
Sep 3, 2005 | 9:06 pm
#33
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If Katrina takes down CO, which is very unlikely IMHO, she sure won't be the only one going. 
Sep 3, 2005 | 9:37 pm
#34
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Originally Posted by HMizzle
If we can eliminate some of the red tape and make it a bit easier and more worthwhile to build a refinery or two it would greatly benefit us.
Sep 4, 2005 | 6:08 am
#35
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Originally Posted by channa
Very good point. Can I build it in your back yard?
Sep 4, 2005 | 1:49 pm
#36
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Actually you can't...cause I live in downtown KCMO and there just isn't room.
Now we could always bulldoze the abandoned tank farms surrounding EWR and rebuild what has essentially already been there.
Now we could always bulldoze the abandoned tank farms surrounding EWR and rebuild what has essentially already been there.
Sep 4, 2005 | 3:13 pm
#37
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How 'bout Crawford?
Sep 5, 2005 | 8:28 am
#38
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Originally Posted by IAH_FLYER
In case anyone was wondering, if we have a storm after Wilma, the names go like this:
Alpha
Beta
Gamma
Delta
and so on.
Alpha
Beta
Gamma
Delta
and so on.
More about naming hurricanes: http://www.nhc.noaa.gov/aboutnames.shtml
Sep 5, 2005 | 7:55 pm
#39
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Greek Letters
Originally Posted by AlphaSigOU
Nope... in the rare event that they run out of names before the season's out, then they go to the top of next year's list.
More about naming hurricanes: http://www.nhc.noaa.gov/aboutnames.shtml
More about naming hurricanes: http://www.nhc.noaa.gov/aboutnames.shtml
In any event, returning to topic, any word on how Katrina's impact on fuel is impacting CO directly ...and how CO is dealing with fuel costs differently from the other carriers?
Sep 6, 2005 | 7:58 pm
#40
Join Date: Sep 2004
Posts: 8
Even though LUV is 85% hedged, they're paying more than they expected...they're hedged in crude oil, but they use jet kerosene A...and just like gasoline, with the refinery shut-downs, jet fuel spiked over 20% while crude rose <10%. Still alot better than no hedge, but I know its pissing them off...BTW not a one of the legacy carriers can make it long term with the combo of today's fuel and today's fares; sometihng has to give. I would guess, if you think fuel is going to stay up here, book ASAP to beat the coming fare hikes.
Sep 7, 2005 | 9:59 pm
#41
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Originally Posted by Whadayano
Even though LUV is 85% hedged, they're paying more than they expected...they're hedged in crude oil, but they use jet kerosene A...and just like gasoline, with the refinery shut-downs, jet fuel spiked over 20% while crude rose <10%. Still alot better than no hedge, but I know its pissing them off...BTW not a one of the legacy carriers can make it long term with the combo of today's fuel and today's fares; sometihng has to give. I would guess, if you think fuel is going to stay up here, book ASAP to beat the coming fare hikes.
Another problem is the expanding "crack spread" between the price of crude and the price of refined JetA. The spot price of JetA is now something like $90/bbl, which is about $25 more than the price of crude. Until this summer, that spread was more like $8 to $10 per bbl. The crack spread as a percentage is increasing at least as fast as the price of the underlying crude. Lots of profit in JetA right now.
