Were We All Fuelish?

Posted on September 2, 2008 by LCT Magazine

GUSTAV BLOWS BY, OIL PRICES BLOW THROUGH THE FLOOR: The price per barrel of oil is plummeting toward a $100, which sounds cheap given the $146 per barrel horror of a few months ago. An L.A. Times story offers this hopeful tidbit for operators:

Fadel Gheit, senior energy analyst for Oppenheimer and Co., said he wouldn't be surprised if oil returned to the $50 to $60 levels of roughly a year ago.
"Demand for oil from China is slowing down," Gheit said. "In Japan and Europe, the developed economies are slowing down also. All of these factors will be bearing down on oil prices in the coming weeks and months."

WOW. If that indeed comes to pass, then all of our collective panic and dread will have seemed a bit foolish. And the speculators will look like the temporary culprits. The fossil fueled era of chauffeured transportation isn't quite over yet, and may just have a few acts left. While the above prediction would be universally welcomed, it cannot provide long-term comfort. The trends this latest spate of oil prices unleashed -- smaller, greener vehicles, less miles driven, more use of livery buses, the quest for alternative-fueled limousines, fuel surcharges -- should continue until the U.S. achieves a more diverse mix of energy sources, including for oil. But what a relief if we don't have to put up with $150 per barrel oil on the way there. Let's keep those Town Cars rolling. . . -- M.R.

View comments or post a comment on this story. (0 Comments)

More LCT Blog Blog Posts

October 1, 2012

Event Management

Don't let your guests down. Here are some things to think about before the event starts.

September 26, 2012

October LCT Mag Focuses On Customer Service

ISSUE PREVIEW: What does he think? What did she really say? Are you channeling your customers? In the October 2012 issue of LCT Magazine, you’ll get a complete primer on how to read and please your
September 26, 2012

Driverless Cars Legalized In California

With no need for people to operate vehicles, how can limo companies adapt to the new world of transportation?
September 26, 2012

Manners Still Matter On Social Media

It has never before been easier for businesses to share information, insight and intimacy with consumers; it has also never been easier to offend them. Read more to learn how to avoid a social media faux pas.
September 20, 2012

My First Encounter With The 2013 Lincoln MKT Town Car

On my trip to Chicago last week for the 2012 BusCon Expo, I had the pleasure of experiencing a new ride — the 2013 MKT Town Car.
See More

Facebook Comments ()

Comments (0)

Post a Comment



See More

See More

See More

See More

LCT Store

LCT Magazine - October 2016 $12.95 COVER STORY: * Leverage Tech To Levitate Your Operations * *


Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close