Recreational Fishing industry on brink of Collapse???

[rarhomes]

I'm just thinking out loud here but I think this fuel crap is gonna be just like the real estate market was 3 yrs. ago. The bottom line is, its only
worth what some body will or in this case can pay for it. Its gonna bite someone in the ass. It can't go on for ever and its at
the BREAKING POINT now. Simple math here folks, if it cost $300.00 a week to go to work and you only make $800.00 its cheaper
to stay home and collect welfare and food stamps like the rest of the world.

[DOGKILLR]

Drilling in Anwar isn't the answer either...it's a darn good idea to become more independent, but it's not the solution to today's problem...the inflated price of gas!

Having oil as a commodity on the NYSE is a horrible idea! These speculators are who is killing us. Get oil off the US commodities market and things would settle down. Oil should be in the $70-$80/barrel range according to the Saudis...remember them...the ones some say are causing the problems.

Whomever allowed oil futures to be played is the Jackass responsible for all of this. Anybody have an idea of what administration was in charge at the time?

[Sea Frog]

Whomever allowed oil futures to be played is the Jackass responsible for all of this. Anybody have an idea of what administration was in charge at the time?

Most every raw material trades in a market place. If it did not users of large quantities of oil, i.e chemical companies, plastic companies, trucking companies etc. would have no way of hedging the variability of fuel costs. If the cost of oil is driving people nuts they should buy oil through an ETF. If their investment goes down....oh well they are paying less at the pump. If the value of the investment goes up, they hedged the cost of oil at current levels. Of course this assumes there will always be a positive 1 to 1 correlation between oil and refined gasoline.

2 cents

[marlin magnet]

Just imagine. Saudies release major oil to the market. All the guys hedging on futures, do they go down in flames? lets not forget about that nut job down in Venezuala, not allowing his oil to the USA. I agree, that alot of the increase is due to the speculation market, I wasn't born last night. Some how, we have to disrupt that, but make no mistake, the oil production countries are not releasing oil to keep up with demand, rather up the price to support their own pockets and countries. Where the heck is Doubi getting all the money to build their empire? I'm a guy that only has the summer to fish. I'll run 13 or so offshore trips burning around 320-350 gal/ trip. I've got to tell you, from my perspective, something has to happen for me to keep up that life style. Talkling to some charter friends, the toughest road is yet to come. That will have a direct effect on the disposable income of many operations, and frankly, may shut many down. For me, buy less bait, fuel, supplies, food, tackle, maintenance etc.
It's freaking scary.

[Fin Chaser]

You right, drilling ANWAR now isn't going to help right now. Do you think it would be helping if we had done it say 4 or 5 years ago? Plus, we need to get our dollar back up. Oil isn't traded in Yen or Euros and as long as the dollar stays weak oil stays up.

Dan