Will there be an alternative fuel for planes, are plans in place to modify?
2006-07-20 00:50:22 · 6 answers · asked by la gringa 1 in Business & Finance ➔ Investing
The same thing that has been happening as oil prices have risen since 9/11. Airlines have been forced to cut back and many employees have been laid off from work. Across the board, several long-term employees have lost their pensions meaning there will be more seniors needing to work well past the age of retirement. Some in retirement have had to give back parts of their pensions as well meaning they can't help their families members as much as they previously could because their own retirement picture is not as strong. Finally, there have been several bankruptcy filings in the courts as airlines appeal to the government for help.
All it seems to be doing is prolonging the inevitable - more lay offs, more concessions, more defaulted pension plans, fewer flights, fewer customer service people and fewer customers in the long run. In the long-run, we may have to go back to one or two companies who monopolize the air travel market.
2006-07-20 00:58:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Good question. I don't think there is any plan to switch fuels. It will be a huge problem.
I remember hearing once that the Earth is a giant spaceship, and all the resources we will ever have are on it. We have nothing else to rely on, and we have to make it last.
But we do have one more thing, right now - THE SUN ! Forget about mining the Moon or Mars some day. There is tremendous energy coming from the Sun, and even the tiny fraction we receive has got to be useful somehow. We need to work on it!
2006-07-20 07:56:44 · answer #2 · answered by American citizen and taxpayer 7 · 0⤊ 0⤋
Last time I checked, gasoline is already $4/gal in UK, and $5/gal in Netherlands. The prices you quote are already in effect in most of Europe.
Now that it has become a profitable venture, all kinds of alternatives will surface in the next few years.
2006-07-20 11:15:40 · answer #3 · answered by dredude52 6 · 0⤊ 0⤋
Ticket prices will go up, fewer people will purchase airplane tickets, some routes will be cancelled or at least suspended, and maybe scientists in this country will begin to develop NON-petroleum fuels for use in airplane, vehicles, etc.
2006-07-20 07:57:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Ticket prices will rise.
2006-07-20 07:53:27 · answer #5 · answered by kitty fresh & hissin' crew 6 · 0⤊ 0⤋
They will get larger subsidies from the taxpayer.
2006-07-20 07:53:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋