Oil at 100 Dollars a Barrel Would Threaten Airlines: IATA Economist

Breitbart.com – Oil prices of 100 dollars a barrel or more are a possibility that would seriously threaten airlines, IATA chief economist Brian Pearce told AFP.

“It is a possibility. It is a scenario I recognize,” Pearce said on the sidelines of the International Air Transport Association’s annual general assembly.

“It is fear that takes fuel prices up. If there is a disaster in the Middle East and a real shortage of oil, then it is possible.”
Breitbart.com