Post by cascade on Aug 15, 2005 6:53:45 GMT -8
Adding to this problem on the fuel surcharge - here they think on the IPE market - that the price will stay in the $65-70 per barrel - now when they applied for the surcharge - it was around $50 per barrel - so what are they going to do now?
It has increased more than when it was around $35-40 per barrel - which is when the hedge came off. They applied because it had gone up by $15 per barrel - well since that time it has gone up even more.
This is what I have been hammering on about - the massive mistake made by the senior management of the Ferries. They will have to go back - cap in hand and ask for additional surcharge - when "MAYBE" they only need to go once and ask. It really does show bad management - and here I was thinking - about bloody time we got in some descent management - not influenced by politician....... oh well - I will give them this mistake - but I am watching them even closer now.
If the oil price stays high - I fear for the poor business person on the Smaller Gulf Island and also people - business on Vancouver Island. Inflation will go up for them - were as the main land is sort of protected / capped.
It has increased more than when it was around $35-40 per barrel - which is when the hedge came off. They applied because it had gone up by $15 per barrel - well since that time it has gone up even more.
This is what I have been hammering on about - the massive mistake made by the senior management of the Ferries. They will have to go back - cap in hand and ask for additional surcharge - when "MAYBE" they only need to go once and ask. It really does show bad management - and here I was thinking - about bloody time we got in some descent management - not influenced by politician....... oh well - I will give them this mistake - but I am watching them even closer now.
If the oil price stays high - I fear for the poor business person on the Smaller Gulf Island and also people - business on Vancouver Island. Inflation will go up for them - were as the main land is sort of protected / capped.