Disaster for Airlines: Oil Prices

Go ahead and scoff -- but those backroom whispers about oil hitting $200 a barrel in a year or two are whispers no longer -- the idea is being shouted from the headlines. Don't believe me? Just type "$200 barrel oil" into Google, grab yourself a big cup of coffee, and watch 1.3 million references begin to pop up. Yes, oil at $200 a barrel is very likely heading our way, and if you don't believe me, ask the folks at Goldman Sachs who suggested just that. Now, let's go back to last summer --...Full Story
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