X-Message-Number: 26476
From: "Mark Plus" <>
Subject: The era of easy jet travel draws to a close?
Date: Sat, 02 Jul 2005 20:59:30 -0700

http://www.iht.com/articles/2005/07/01/business/wbmarket02.php

With Interest: To cut oil dependence, look to the skies
By Daniel Altman International Herald Tribune

SATURDAY, JULY 2, 2005

With crude oil prices having topped $60 a barrel this week, politicians in 
the United States and the European Union - doubtlessly joined in private by 
their colleagues in the Far East - have again bemoaned their countries' 
dependence on foreign oil. Yet taking a big chunk out of the oil market 
could be surprisingly easy. The key isn't here on the ground; it's up, up in 
the air.

Efforts to reduce the world's need for oil have most often focused on cars. 
The oil shocks of the 1970s made smaller, more fuel-efficient cars 
desirable. More recently, cars with hybrid engines have captured the 
imagination of ozone-loving environmentalists and oil-loathing politicians 
alike....

But there's good reason to shift the world's attention to airplanes. Cutting 
demand for jet fuel would take pressure off of markets for diesel, kerosene 
and heating oil, as well as reducing the price of crude.


Of course, the market could "solve" the problem through the collapse of the 
middle-class airline industry so that only the super-wealthy can afford to 
fly.

Mark Plus
Manage your risk, not your terror.

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