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Oil price/barrel near $75 for mid summer

Wow. I'll bet charter business/prices will be dropping along with the residual value of boats.

It'll be a good year to pick up a bargain come October... ;^)

jps

jps
Apr 18
2006
I don't see any bargains emerging much of any place. It seems there are a lot of people capable and willing to spend the weaker dollars they possess. sally
Apr 18
I know guys who are seeing half their advance bookings from last summer - that's not good for some of these guys. My partner and I aren't seeing any real decline - maybe 20%, but we specialize. What we are seeing is more of the "light tackle" part-timers losing money on their boats which are mortgaged to the gunwales.

If you are able to ride out the irrational oil situation this summer you should be in good shape for next season. There are too many "charter" operations as it is - this may be a good thing for the guys who make a lot of their living being professional guides.

This is all strictly commodity speculation and like all red-hot speculation commodities, it will correct itself at some point - the question is when. It's going to be spectacular when it does happen.

>It'll be a good year to pick up a bargain come October... ;^)

Maybe, but I'll bet this will be an interesting summer for insurance carriers. :>)

Shortwave
Apr 19
   

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