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Samuel Whiskers

Oil Prices And Cheap Air Travel

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Given the rocketing oil price and the likely establishment of a permanently higher price plateau, are we going to see the end of super cheap air travel?

Will this mean that all those who have brought second homes abroad will gradually find the cost of visiting prohibitive?

Doesn't it look like the rising oil price could put an end to the overseas property party within the next decade?

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All over Europe airlines are "subsidised" thanks to very low taxation on fuel compared to car fuel (which can reach 80%). This imbalance was justified during the golden days of the arms industry and the cold war because all civilian aircrafts on both sides of the iron curtain could be transformed in military bombers within 24h. The industry will cry for more help if they can't cope with fuel prices, as they did after 911, when they got some gvt help (tax breaks?) to cope with the new levels of insurance premiums to fly over cities. Airplanes are overconsuming precious energy, ruining nature and very dangerous. The day they will be grounded may not be so far, if you enjoy golfing in Marbella on weekends for five tennners with easyfly, hurry up, your plane may run out of kerozene before your green runs out of water.

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