Subject: adding to the hysteria parade
Oil could hit $175 a barrel, says United Airlines boss
United Airlines said it was scrapping flights on less-profitable routes following a doubling of jet fuel prices since February.
Scott Kirby, the airline’s chief executive, said the moves were part of steps to prepare for a scenario in which oil hits $175 (£131) a barrel and remains above $100 through 2027.
https://finance.yahoo.com/sect...
The TV news was, of course, hysterical about that $175 number. They didn't mention this part, farther down in the article:
In a memo to staff, the chief executive said: “Honestly, I think there’s a good chance it won’t be that bad – but there isn’t much downside for us to preparing for that outcome.”
Steve