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Impact of Increased Gas Prices on the Airlines
Gas Prices: An Introduction
The U.S. economy's particular susceptibility reflects several fundamental factors. First, the price of oil is traditionally inter-linked with the price of coal and natural gas: When the oil price rises, they rise together. Second, the U.S. economy is possibly the most reliant upon fossil fuels of any industrial nation. When fossil fuel prices rise as a group, this triggers great instabilities in the fossil fuel-addicted economy. Third, the oil price increase feeds the hyperinflation, which threatens the financial markets.
The rise or fall in the price of petroleum is always accompanied by the rise or fall in the price of natural gas and coal, perhaps with a time lag. There is no clear reason, but it would appear that this occurs in part because the leaders of the natural gas and coal industries take advantage of the higher oil price to tell other economic sectors. Besides, speculators pour money into the exchanges to manipulate upward the prices of natural gas and coal.
The governing reason for the oil price rise is the upsurge of a universal hyperinflation, defined by the phase change of LaRouche's "Triple Curve" collapse function, and resulting from Federal Reserve chairman Alan Greenspan and other central bankers' propping up the bankrupt financial system through money-printing. Within this context, other forces pushing the oil price rise include the effects of America's occupation of Iraq and Israel's genocide in Palestine, threatening the whole of oil-rich Southwest Asia; the critical role of speculation; and America's decision to cut back oil refinery capacity during the past two decades.
Speculation on how high oil can climb has become a bleak hobby on Wall Street, as prices have shattered one numeric record after another this year. They still haven't hit their all-time peak from 1981, when prices adjusted for inflation hit $86 per barrel following the start of the Iran-Iraq war.......
