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Author: Steve203 🐝  😊 😞
Number: of 75957 
Subject: adding to the hysteria parade
Date: 03/22/26 9:27 AM
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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/sectors/energy/articles/...

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
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