Oil – Demand and Supply

by | Jan 5, 2016 | Aerospace, Airlines | 2 comments

We are currently seeing oil prices fall as the world seems awash in oil. By any reasonable view, supply exceeds demand. How true is this? The International Energy Agency estimates global demand for crude at 96 million barrels of oil per day (b/d). They point out that...

As Oil Prices Slide Again

by | Jul 23, 2013 | Aerospace, Airlines, Engines, Oil | 5 comments

We know prices are rising now, but we think this is a temporary condition due to unrest in Middle East. If speculators step in, prices can spike even further. But in the long term we think the trend will be in the opposite direction. This is chart typical of one sees...

Jet Fuel Prices

by | Jun 13, 2012 | Airlines, Oil | 0 comments

The US Energy Information Administration (EIA) published intriguing news. The story is about how US airlines are dealing with higher fuel costs. But this chart is the part we find most interesting. It shows that US airlines have improved their fuel efficiency about...