[Niteflyr]

There is plenty of supply - both long and short term

That is a fact...and just now the headline is: "In open letter, 12 U.S. airlines call on Congress to curb excessive speculation that they say drives up oil and fuel prices, slamming the airline industry."

more here>

[Niteflyr]

oooppppsss.....

http://money.cnn.com/2008/07/09/news/companies/airlines_speculation_letter/index.htm

[curiosity]

"12 U.S. airlines call on Congress to curb excessive speculation that they say drives up oil and fuel prices,"

That's right! There's absolutely no way airline CEO's could possibly attempt to blame someone else, like the evil speculators, for their failure to properly hedge their fuel price risk! No, not a chance. These men need to be taken at their word! /sarcasm