Crude oil rose to a record above $135 a barrel in New York after U.S. stockpiles unexpectedly dropped and a report said the IEA may lower supply forecasts.
The price will be likely to drop from time to time, but all the evidence is that we are now an a systematically constrained supply situation. This changes the market from primarily a buyers market to a sellers market.
Demand, therefore, does get reduced. The system everyone is going for at the moment is that where the weaker members of society suffer.
After a few more airlines have gone bust I don't think we will see any arguments about expansion of airports.
20th May Willie Walsh, British Airways’ CEO, has told journalists that he expects a string of bankruptcies and mergers in the commercial airline industry to make headlines this year.
The price will be likely to drop from time to time, but all the evidence is that we are now an a systematically constrained supply situation. This changes the market from primarily a buyers market to a sellers market.
Demand, therefore, does get reduced. The system everyone is going for at the moment is that where the weaker members of society suffer.
After a few more airlines have gone bust I don't think we will see any arguments about expansion of airports.
20th May Willie Walsh, British Airways’ CEO, has told journalists that he expects a string of bankruptcies and mergers in the commercial airline industry to make headlines this year.
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