The latest data from online charter portal Avinode shows a contrasting picture of demand fluctuations on either side of the Atlantic Ocean. Its forward-looking demand indices for March 4 shows demand in Europe picking up significantly in the light, midsize and heavy jet categories tracked, with the biggest increase being in the midsize segment where the index rose by almost 67 points month-over-month, to 184.6.
A world without oil is a breeding ground for alarmists, some say, blithely confident that it can’t run out and “we’ll find more,” but if it ever does run out “we’ll have found something else by then.”
What goes up must come down, unless of course you’re talking about the price of crude oil. Last month, oil topped $55 a barrel after an April report from Goldman Sachs warned of a possible “super spike” period during which the price of oil could surge to as much as $105 a barrel.