I just flew in from Las Vegas* last night and was thankful once again for Southwest Airlines, which has not charged a fee for check-in luggage during 2008 due to its set-rate oil prices. But that got me wondering ... since gas prices have plummeted, how are other airlines still charging for check-in luggage? Simple answer: The economy. It seems like you can blame almost everything negative in late 2008 on the economy ... or here in Houston, on Ike and the economy. Airlines are struggling, like most businesses, so most of them are still charging on average $15 for the first checked bag and $25 for the second checked bag. And you'd better believe that holiday passengers are not happy about this, especially if their luggage is lost and they are still charged the fee, like this Air Canada passenger. So while road travelers still rejoice at low gas prices, frequent fliers (except for Southwest junkies like myself) are still grumbling about the baggage fees. And it doesn't look like those fees are going to be cut anytime soon! So Happy New Year to all, and let's stay positive no matter what the economy looks like! *No, I wasn't hitting the slots in Vegas -- I was visiting relatives who live in Arizona! Lindsay Goodier, Online Editor, OilandGasInvestor.com
2023-10-06 - Drillers have cut active rigs for three quarters in a row in a delayed response to the sharp drop in prices since the middle of 2022.
2023-11-10 - The combined oil and natural gas rig count, traditionally an early indicator of future output, fell by two to 616 in the week to Nov. 10, the lowest since February 2022.
2023-10-29 - TotalEnergies SE CEO Patrick Pouyanné believes recent exploration successes in South America and Africa hold potential to boost the French company’s production and cash flow.
2023-10-20 - The oil and gas rig count, an early indicator of future output, rose two to 624 in the week to Oct. 20.
2023-12-08 - U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since November 2022.