Peak Oil to Shut Shannon?

clare | anti-war / imperialism | other press

Monday August 18, 2008 18:19

by redjade

and not Anti-War activists?

Maybe in the future
the only consistant revenue
to keep Shannon Airport alive
will be from the killing?

What did Orwell call Britain?

from The New Republic:
The End Of Aviation
by Bradford Plumer
Post Date Wednesday, August 27, 2008
http://tinyurl.com/6and3v

''Early signs of an aviation apocalypse are already upon us. As oil prices flirt with $130 per barrel and the dollar struggles, airlines are paying nearly 80 percent more for fuel than they did a year ago. Twenty-five airlines have gone belly-up this year--three to four times the usual yearly rate. Major carriers like American, Northwest, and United, still reeling from the industry downturn after September 11, go barely a month without announcing layoffs and capacity cuts.

And it gets worse from there. Despite recent fluctuations, a growing number of economists are bracing for oil to hit or surpass $200 per barrel in a few years, and most industry analysts agree with Douglas Runte, of RBS Greenwich Capital, who told The Wall Street Journal in June, "Many airline business models cease to work at $135-a-barrel oil prices." After all, most airlines barely figured out how to be profitable in a world of low fuel costs.

{....}

While air travel isn't covered by the Kyoto Protocol, the next round of climate-treaty talks will likely address the issue, and the EU has recently announced that it will bring aviation into its emissions-trading regime--forcing airlines to pay for 15 percent of their carbon use starting in 2012.

Some interesting world social trends could end or be severely limited, as well....

''Immigration, meanwhile, did not begin with the birth of Easyjet, but some migration flows could cool off--the 465,000 Poles who have flown off on low-cost carriers to work in the United Kingdom since 2004, for instance, or the 70, 000 Filipinos who migrate to the United States each year, or the Caribbean workers, skilled and unskilled alike, who fly frequently up to North America, often maintaining homes in both places.

other blogishness here: http://LMV.hu/redjade

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Peak Oil to Shut Shannon?