Discussions about the economic and financial ramifications of PEAK OIL
by bratticus » Wed 21 Jan 2009, 12:53:56
Let me get this straight: tumbling oil prices are hurting producers but oil prices are still so high that it hurts consumers and GM was beat out by Toyota but Toyota is crashing.
Fuel Costs Push American, United Airlines To Wider 4Q Losses... AMR Corp (AMR), parent of American Airlines, and United Airlines' parent UAL Corp. (UAUA) on Wednesday reported wider fourth-quarter losses from a year ago as fuel costs rose. The two airlines said they were positioning their businesses to do better in 2009, although they stopped short of saying they can turn a profit.
GM loses global sales crown after 77 years... General Motors Corp on Wednesday said its global vehicle sales for 2008 had dropped 11 percent, allowing rival Toyota Motor Corp to surpass it as the world's largest automaker for the first time.
Toyota global sales fall 4% in 2008... Toyota, long the world's most profitable automaker, said in December it expects to report an operating loss of $1.7 billion, for the fiscal year.
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bratticus
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