User Panel
User Panel
User Panel
|
Posted: 12/16/2014 3:49:52 AM EDT
[#1]
I, for one, hope they keep going down and down. I need every penny I can save at this point.
|
|
|
|
Posted: 12/16/2014 3:54:44 AM EDT
[#2]
Be careful what you wish for
|
|
|
|
Posted: 12/16/2014 3:55:36 AM EDT
[#3]
Locally, 2 rigs gots got stacked yesterday alone.
3 more are planned for later this week. That's quite a few guys with families out of work right before Christmas. Not to mention the support companies who will have to lay-off workers without the rigs to work. |
|
|
|
Posted: 12/16/2014 4:01:49 AM EDT
[#4]
As the son of a retired oil industry engineer and also having vivid memories of stupid long gas lines in the 70's due to a bullshit shortage, I can say that I hope oil drops to about 2 bucks a barrel. I remember fist fights in the street just to get into the gas station.
Fuck the lying oil companies right in the goat ass. |
|
|
|
Posted: 12/16/2014 4:04:06 AM EDT
[#5]
Quote HistoryQuoted:
every thing I have to say to you is a <COC Violation>. my livelihood depends on high oil prices. so go <COC Violation> yourself. Quote HistoryQuoted:
Quoted:
Snip huge wall of text. every thing I have to say to you is a <COC Violation>. my livelihood depends on high oil prices. so go <COC Violation> yourself. lol I hope it drops like a rock just to spite people that post whiny things like this. |
|
|
|
Posted: 12/16/2014 4:10:32 AM EDT
[#6]
Still paying baggage fees? Yep. Delivery surcharges? Yep. Price of goods and services dropping? Nope.
Oil down 50% doesn't equate to everything dropping, quit being duped by the liberal media. Oil goes up a lot, price of stuff goes up a lot. Oil goes down a bunch, price of stuff goes down a little bit (with a long delay before they start decreasing). The average Joe won't notice it anywhere outside of the gas station. |
|
|
|
Posted: 12/16/2014 8:11:44 AM EDT
[#7]
Quote HistoryQuoted:
Be careful what you wish for http://snbchf.snbchfcom.netdna-cdn.com/wp-content/uploads/2013/01/DeflationarySpiral.png Congratulations. You took a macro demand concept and applied it to a micro supply issue. |
|
|
|
Posted: 12/16/2014 8:41:47 AM EDT
[#8]
It's not good when a commodity of world wide importance "crashes". If you can't understand that, you're a fool.
|
|
|
|
Posted: 12/16/2014 8:50:37 AM EDT
[#9]
Quote HistoryQuoted:
One thing it will do is reduce food prices as a big part of our recent increase has been the price of getting it to market. Nope. Not even close. The farmers and second handlers as well as the transport guys have been eating a shit sandwich for the last 5 years, and absorbing the increased costs of inputs. The commercial buyers aren't going to pay more or less out of sympathy, and they damn sure wont sell for less, when they are cutting a fat Hog twice. Take a look at fertilizer prices. They aren't coming down, and wont. Transport guys are going to make a buck while they can as well. 
|
|
|
|
Posted: 12/16/2014 8:52:17 AM EDT
[#10]
Quote HistoryQuoted:
It's not good when a commodity of world wide importance "crashes". If you can't understand that, you're a fool. Thanks for the insight Milton Friedman |
|
|
|
Posted: 12/16/2014 8:53:57 AM EDT
[#11]
Quote HistoryQuoted:
ARFCOM cries and wails and bitches about outsourcing American jobs until it means another $20 a week in their own pocket, at which point they turn into evil corporate profiteers interested in only what goes into their pocket, fuck anybody who will suffer the results. ARFCOM GD, should be renamed Hypocrite Central. I'm sorry but cheap energy made the miracle of the 20th century possible. Cheap oil is good for everyone |
|
|
|
Posted: 12/16/2014 8:55:01 AM EDT
[#12]
Quote HistoryQuoted:
I'm sorry but cheap energy made the miracle of the 20th century possible. Cheap oil is good for everyone Quote HistoryQuoted:
Quoted:
ARFCOM cries and wails and bitches about outsourcing American jobs until it means another $20 a week in their own pocket, at which point they turn into evil corporate profiteers interested in only what goes into their pocket, fuck anybody who will suffer the results. ARFCOM GD, should be renamed Hypocrite Central. I'm sorry but cheap energy made the miracle of the 20th century possible. Cheap oil is good for everyone But how will all of those super duty's pay for themselves? We need high oil prices! |
|
|
|
Posted: 12/16/2014 8:59:39 AM EDT
[#13]
Quote HistoryQuoted:
I'm sorry but cheap energy made the miracle of the 20th century possible. Cheap oil is good for everyone Quote HistoryQuoted:
Quoted:
ARFCOM cries and wails and bitches about outsourcing American jobs until it means another $20 a week in their own pocket, at which point they turn into evil corporate profiteers interested in only what goes into their pocket, fuck anybody who will suffer the results. ARFCOM GD, should be renamed Hypocrite Central. I'm sorry but cheap energy made the miracle of the 20th century possible. Cheap oil is good for everyone Same with cheap whale oil in the 19th... |
|
|
|
Posted: 12/16/2014 9:02:44 AM EDT
[#14]
Quote HistoryQuoted:
Same with cheap whale oil in the 19th... Quote HistoryQuoted:
Quoted:
Quoted:
ARFCOM cries and wails and bitches about outsourcing American jobs until it means another $20 a week in their own pocket, at which point they turn into evil corporate profiteers interested in only what goes into their pocket, fuck anybody who will suffer the results. ARFCOM GD, should be renamed Hypocrite Central. I'm sorry but cheap energy made the miracle of the 20th century possible. Cheap oil is good for everyone Same with cheap whale oil in the 19th... ? |
|
|
|
Posted: 12/16/2014 9:04:12 AM EDT
[#15]
Quote HistoryQuoted:
? Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
ARFCOM cries and wails and bitches about outsourcing American jobs until it means another $20 a week in their own pocket, at which point they turn into evil corporate profiteers interested in only what goes into their pocket, fuck anybody who will suffer the results. ARFCOM GD, should be renamed Hypocrite Central. I'm sorry but cheap energy made the miracle of the 20th century possible. Cheap oil is good for everyone Same with cheap whale oil in the 19th... ? Just pointing out that past performance doesn't necessarily indicate future performance. |
|
|
|
Posted: 12/16/2014 9:05:33 AM EDT
[#16]
Quote HistoryQuoted: my livelihood depends on high oil prices. so go <COC Violation> yourself. Quote HistoryQuoted: Quoted: Snip huge wall of text. my livelihood depends on high oil prices. so go <COC Violation> yourself. ... selfish much? |
|
|
|
Posted: 12/16/2014 9:17:37 AM EDT
[#17]
Quote HistoryQuoted:
It's not good when a commodity of world wide importance "crashes". If you can't understand that, you're a fool. The entire oil industry has been run by a cartel that has artificially inflated prices for decades. The non cartel producers were all too willing to go along and take the profits from this artificial inflation. If the current pricing harms Russia, Venezuela and Iran, all the better. The positive effects of cheap energy will more than outweigh the effects on 1 sector. Beware the politicians who will try to put additional taxes on oil (talk of this is already ongoing) as prices will rebound at some point and because fuck the .gov. They already take an obscene amount of money out of the economy and either waste or outright steal it. Cheap energy and (realistic) liberal credit are 2 of the pillars that made this country great. High energy prices have contributed to economic stagnation for the vast majority. |
|
|
|
Posted: 12/16/2014 9:20:32 AM EDT
[#18]
Quote HistoryQuoted: Cry me a river, I like cheaper gas a lot more then I like putting money in your pocket. Quote HistoryQuoted: Quoted: Quoted: Snip huge wall of text. every thing I have to say to you is a <COC Violation>. my livelihood depends on high oil prices. so go <COC Violation> yourself. Cry me a river, I like cheaper gas a lot more then I like putting money in your pocket. |
|
|
|
Posted: 12/16/2014 9:21:50 AM EDT
[#19]
Quote HistoryQuoted:
As long as I have been alive (53 years) ALL the oil companies have been raping the fuck out of the American public on oil and gas prices. Yearly they report BILLIONS in profits. That doesn't happen by selling oil at a couple cents per barrel profit but by huge gouging of buyers. Their perpetual attitude has been for us to say "yes sir, give me another!" When sticking their fat oil cock in our asses. I welcome some of the shithole countries economies going to shit. US companies may slow production but not by much and only temporarily. They are too fucking greedy to cut back on production as they want those billions in profit still. Only group upset by this in the US is the democrats as it causes less depression and better economy, killing their desire for more socialism. Obama is seething at low oil prices, almost as much as he is pissed at republicans for taking back the senate. And yet the gov makes more in taxes than the company that produced the product. Edit: watching GD discuss a topic you are familiar with is like watching the TV news do the same... |
|
|
|
Posted: 12/16/2014 9:23:06 AM EDT
[#20]
Quote HistoryQuoted: It WILL hurt domestic energy production. And that has a lot of ramifications here in the US. It will hurt domestic production NOW, but the massive reserves we've found will still be there later. There are ramifications in some areas, and I'm sure benefits in others. Kinda hard to say which outweighs the other. |
|
|
|
Posted: 12/16/2014 9:24:14 AM EDT
[#21]
Quote HistoryQuoted: Bingo. What happened to all the cries of "Drill here, Drill now" and "we want energy independence"? Quote HistoryQuoted: Quoted: Which do you want? Production in the U.S. with tall of the money rippling through our economy, providing jobs and keeping our taxes low? Or foreign purchases, with our money leaving the country to fund the Saudi Royalty's lavish lifestyles ands terrorism? You need to think a little farther than your impulses. Bingo. What happened to all the cries of "Drill here, Drill now" and "we want energy independence"? We still want that, but the economics of the situation aren't make believe. People aren't going to pay you to take their oil.  |
|
|
|
Posted: 12/16/2014 9:30:28 AM EDT
[#22]
Quote HistoryQuoted:
As long as I have been alive (53 years) ALL the oil companies have been raping the fuck out of the American public on oil and gas prices. Yearly they report BILLIONS in profits. That doesn't happen by selling oil at a couple cents per barrel profit but by huge gouging of buyers. Their perpetual attitude has been for us to say "yes sir, give me another!" When sticking their fat oil cock in our asses. I welcome some of the shithole countries economies going to shit. US companies may slow production but not by much and only temporarily. They are too fucking greedy to cut back on production as they want those billions in profit still. Only group upset by this in the US is the democrats as it causes less depression and better economy, killing their desire for more socialism. Obama is seething at low oil prices, almost as much as he is pissed at republicans for taking back the senate. I'm as far away politically from any of the democrats and I'm VERY worried about the Saudi attempt to strangle US energy independence in it's cradle. With Fracking the US was projected to become THE dominant oil producing nation passing the Saudis and would be able to insulate its economy by much greater domestic supply ptotecting against foreign interruption (deliberate or otherwise). If you look to 1973 (Deliberate by Saudis), 1979 (Iraninan revolution), 2000's (war / revolutions in Middle East, Hurricanes in the gulf & .Gov restrictions on drilling due to BP disaster) we are much better off with a STEADY $2.75 / gallon of gasoline than the hope that fuel will plunge below $2.00 a gallon before our kind and benevolent friends in the Middle East decide to turn off the taps (again) and jack price back past $4.00 / gallon or worse. Energy Infrastructure doesn't spring magically from nowhere in an instant and the on & off & on & off cycle kills many projects that we most definitely WILL need in the future for energy... Make no mistake, the Saudis ARE definitely taking deliberate aim at the new U.S. energy sector to try and kill it before has the opportunity to grow to challenge or overtake them. And sadly so many U.S. citizens are now cheering them on... 
BIGGER_HAMMER 
|
|
|
|
Posted: 12/16/2014 9:33:02 AM EDT
[#23]
Wow. A lot of people here need to brush up on basic economics.
The "evil oil companies"... lol |
|
|
|
Posted: 12/16/2014 9:33:29 AM EDT
[#24]
Quote HistoryQuoted:
I'm as far away politically from any of the democrats and I'm VERY worried about the Saudi attempt to strangle US energy independence in it's cradle. With Fracking the US was projected to become THE dominant oil producing nation passing the Saudis and would be able to insulate its economy by much greater domestic supply ptotecting against foreign interruption (deliberate or otherwise). If you look to 1973 (Deliberate by Saudis), 1979 (Iraninan revolution), 2000's (war / revolutions in Middle East, Hurricanes in the gulf & .Gov restrictions on drilling due to BP disaster) we are much better off with a STEADY $2.75 / gallon of gasoline than the hope that fuel will plunge below $2.00 a gallon before our kind and benevolent friends in the Middle East decide to turn off the taps (again) and jack price back past $4.00 / gallon or worse. Energy Infrastructure doesn't spring magically from nowhere in an instant and the on & off & on & off cycle kills many projects that we most definitely WILL need in the future for energy... Make no mistake, the Saudis ARE definitely taking deliberate aim at the new U.S. energy sector to try and kill it before has the opportunity to grow to challenge or overtake them. And sadly so many U.S. citizens are now cheering them on...
BIGGER_HAMMER
Quote HistoryQuoted:
Quoted:
As long as I have been alive (53 years) ALL the oil companies have been raping the fuck out of the American public on oil and gas prices. Yearly they report BILLIONS in profits. That doesn't happen by selling oil at a couple cents per barrel profit but by huge gouging of buyers. Their perpetual attitude has been for us to say "yes sir, give me another!" When sticking their fat oil cock in our asses. I welcome some of the shithole countries economies going to shit. US companies may slow production but not by much and only temporarily. They are too fucking greedy to cut back on production as they want those billions in profit still. Only group upset by this in the US is the democrats as it causes less depression and better economy, killing their desire for more socialism. Obama is seething at low oil prices, almost as much as he is pissed at republicans for taking back the senate. I'm as far away politically from any of the democrats and I'm VERY worried about the Saudi attempt to strangle US energy independence in it's cradle. With Fracking the US was projected to become THE dominant oil producing nation passing the Saudis and would be able to insulate its economy by much greater domestic supply ptotecting against foreign interruption (deliberate or otherwise). If you look to 1973 (Deliberate by Saudis), 1979 (Iraninan revolution), 2000's (war / revolutions in Middle East, Hurricanes in the gulf & .Gov restrictions on drilling due to BP disaster) we are much better off with a STEADY $2.75 / gallon of gasoline than the hope that fuel will plunge below $2.00 a gallon before our kind and benevolent friends in the Middle East decide to turn off the taps (again) and jack price back past $4.00 / gallon or worse. Energy Infrastructure doesn't spring magically from nowhere in an instant and the on & off & on & off cycle kills many projects that we most definitely WILL need in the future for energy... Make no mistake, the Saudis ARE definitely taking deliberate aim at the new U.S. energy sector to try and kill it before has the opportunity to grow to challenge or overtake them. And sadly so many U.S. citizens are now cheering them on...
BIGGER_HAMMER
As soon as they jack the prices, their boogeyman will be back. |
|
|
|
Posted: 12/16/2014 9:35:34 AM EDT
[#25]
Quote HistoryQuoted:
Might I ask what is the turning point for fracking? I hear its only worth it if oil is over 60 dollar a barrel. below that fracking isn't cost effective There's a large variation in the cost of operating the shale fields. Most of them will survive $60 oil and possibly as low as $40 if they bring the wages and other costs down to earth. 
|
|
|
|
Posted: 12/16/2014 9:38:15 AM EDT
[#26]
Quote HistoryQuoted:
Easy for you to say until it's your pocket. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Snip huge wall of text. every thing I have to say to you is a <COC Violation>. my livelihood depends on high oil prices. so go <COC Violation> yourself. Cry me a river, I like cheaper gas a lot more then I like putting money in your pocket. you know we are talking about oil here right? It has been affecting everyone's wallet |
|
|
|
Posted: 12/16/2014 9:38:15 AM EDT
[#27]
The money that was being put in the gas tank will now be spent in other areas.
|
|
|
|
Posted: 12/16/2014 9:45:36 AM EDT
[#28]
Quote HistoryQuoted:
There's a large variation in the cost of operating the shale fields. Most of them will survive $60 oil and possibly as low as $40 if they bring the wages and other costs down to earth. http://i.telegraph.co.uk/multimedia/archive/03133/shale_fields_cost_3133134a.PNG Quote HistoryQuoted:
Quoted:
Might I ask what is the turning point for fracking? I hear its only worth it if oil is over 60 dollar a barrel. below that fracking isn't cost effective There's a large variation in the cost of operating the shale fields. Most of them will survive $60 oil and possibly as low as $40 if they bring the wages and other costs down to earth. http://i.telegraph.co.uk/multimedia/archive/03133/shale_fields_cost_3133134a.PNG The layoffs in the high cost fields might add wage pressure to the lower cost fields and drive costs down. It will be interesting to see how things play out. I think setting a single price point at which US production flatlines is simplistic. US industry is among the most resilient in the world. This just adds incentive and motivation to further increase technology and efficiency. The popular wisdom says oil is going back up soon. If the oil co brass believe that, they will be readying themselves for that time. This has the potential to backfire on OPEC, IMO. It may only serve to strengthen their competition. This wouldn't be the first time an OPEC scheme backfired on them, either. |
|
|
|
Posted: 12/16/2014 9:49:11 AM EDT
[#29]
OP pasted a wall of text from somewhere and it's nothing but propaganda. Over 9 million jobs in the US are directly, indirectly tied to the oil/gas industry.
Crashing oil prices wont fix shit. In your short sighted view you are just thinking it would be nice to fill your tank at $1.75 a gallon 
Also the comments about buying fuel from overseas versus American produced fuel is just idiotic. Do you know how many refineries we have in the US? Do you know what they can produce if they operated 24/7? Do you know how much fuel we consume daily? No, I didn't think you knew any of this. |
|
|
|
Posted: 12/16/2014 9:49:19 AM EDT
[#30]
The crash continues today. Jan WTI is well under $54.
|
|
|
|
Posted: 12/16/2014 9:50:36 AM EDT
[#31]
Quote HistoryQuoted:
OP pasted a wall of text from somewhere and it's nothing but propaganda. Over 9 million jobs in the US are directly, indirectly tied to the oil/gas industry. Crashing oil prices wont fix shit. In your short sighted view you are just thinking it would be nice to fill your tank at $1.75 a gallon
Also the comments about buying fuel from overseas versus American produced fuel is just idiotic. Do you know how many refineries we have in the US? Do you know what they can produce if they operated 24/7? Do you know how much fuel we consume daily? No, I didn't think you knew any of this. In reality it will fix some shit and break other shit. The only question is will it be a net positive or a net negative. That answer isn't knowable. But it looks like we are about to find out. I bet we can expect a strong uptick in consumer sentiment indicators, though. |
|
|
|
Posted: 12/16/2014 9:56:26 AM EDT
[#32]
Quote HistoryQuoted:
Which do you want? Production in the U.S. with tall of the money rippling through our economy, providing jobs and keeping our taxes low? Or foreign purchases, with our money leaving the country to fund the Saudi Royalty's lavish lifestyles ands terrorism? You need to think a little farther than your impulses. This |
|
|
|
Posted: 12/16/2014 10:00:25 AM EDT
[#33]
Quote HistoryQuoted: you know we are talking about oil here right? It has been affecting everyone's wallet Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Snip huge wall of text. every thing I have to say to you is a <COC Violation>. my livelihood depends on high oil prices. so go <COC Violation> yourself. Cry me a river, I like cheaper gas a lot more then I like putting money in your pocket. you know we are talking about oil here right? It has been affecting everyone's wallet |
|
|
|
Posted: 12/16/2014 10:01:56 AM EDT
[#34]
Quote HistoryQuoted:
ARFCOM cries and wails and bitches about outsourcing American jobs until it means another $20 a week in their own pocket, at which point they turn into evil corporate profiteers interested in only what goes into their pocket, fuck anybody who will suffer the results. ARFCOM GD, should be renamed Hypocrite Central. No shit. 100% agreed. Gas prices never bother me much, I don't really even pay attention. I'd rather it hop up to 3.50 a gallon again and maintain American Independence and American Jobs. Just remember this when you are giddy about filling up your car at $2.00 a gallon. 
|
|
|
|
Posted: 12/16/2014 10:02:45 AM EDT
[#35]
Quote HistoryQuoted: If it truly "crashes" - there will be no supply. What is your plan then? They'll be laughing it up all the way to......nowhere.....there won't be any gas to get there. If it truly crashes, pepper your angus for $7-8 per gallon gas...and all the OPEC countries laughing all the way to the bank. 'Those who don't remember history are doomed to repeat it'  |
|
|
|
Posted: 12/16/2014 10:11:11 AM EDT
[#36]
Quote HistoryQuoted:
SNIP He bought a $0.25/share and its worth $31/share now. He should be sitting on his 124x gain. Shares of "New" GM have never sold for $0.25 per share or anything even close to it. Shares of "Old" GM were rendered worthless. Ask me how I know. 
|
|
|
|
Posted: 12/16/2014 10:16:08 AM EDT
[#37]
Quote HistoryQuoted:
They'll be laughing it up all the way to......nowhere.....there won't be any gas to get there. If it truly crashes, pepper your angus for $7-8 per gallon gas...and all the OPEC countries laughing all the way to the bank. 'Those who don't remember history are doomed to repeat it'
Quote HistoryQuoted:
Quoted:
If it truly "crashes" - there will be no supply. What is your plan then? If it truly crashes, pepper your angus for $7-8 per gallon gas...and all the OPEC countries laughing all the way to the bank. 'Those who don't remember history are doomed to repeat it'
Yes because all US oil production sites will be rendered useless for eternity |
|
|
|
Posted: 12/16/2014 10:16:29 AM EDT
[#38]
I'd like to see $100 a barrel and $.99 at the pump.
Seems doable
|
|
|
|
Posted: 12/16/2014 10:18:48 AM EDT
[#39]
Quote HistoryQuoted:
Which do you want? Production in the U.S. with tall of the money rippling through our economy, providing jobs and keeping our taxes low? Or foreign purchases, with our money leaving the country to fund the Saudi Royalty's lavish lifestyles ands terrorism? You need to think a little farther than your impulses. Why would we quit producing it domestically? Is everyone's memory so short they can't remember how the high fuel prices affected everything? Posted Via AR15.Com Mobile |
|
|
|
Posted: 12/16/2014 10:20:58 AM EDT
[#40]
Quote HistoryQuoted: Hard for me to feel sorry for all these oil company fat cats who were reporting record profits every quarter while the average guy was out there paying almost $4 a gallon for gas trying to make ends meet. So much derp... Oil Companies are generally publicly help corporations which anybody can buy stock in. Those profits are paid to the stockholders...after all the various tax-bites are paid. The reason for the record profits is record demand in the global market. If you really believe your own mantra...stop using petroleum based sources of energy...that'll show them. |
|
|
|
Posted: 12/16/2014 10:21:37 AM EDT
[#41]
Quote HistoryQuoted:
Probably just you. I tend to view hard working Americans being unemployed as a bad thing. Why can't we bring other industry back to the US. We used to actually make things here. Now we don't. Posted Via AR15.Com Mobile |
|
|
|
Posted: 12/16/2014 10:22:51 AM EDT
[#42]
Quote HistoryQuoted:
Still paying baggage fees? Yep. Delivery surcharges? Yep. Price of goods and services dropping? Nope. Oil down 50% doesn't equate to everything dropping, quit being duped by the liberal media. Oil goes up a lot, price of stuff goes up a lot. Oil goes down a bunch, price of stuff goes down a little bit (with a long delay before they start decreasing). The average Joe won't notice it anywhere outside of the gas station. Get of here with that logic stuff. This thread is about why we need oil to be 150 dollars a barrel so we can further shrink the middle class while a few oil workers get paid 3 or 4 times what they would for an equivalent job in another industry. Cheap oil is good for everyone. If you're pissed about it I don't give a fuck. After years it's your turn to feel the squeeze. |
|
|
|
Posted: 12/16/2014 10:28:35 AM EDT
[#43]
Quote HistoryQuoted:
OP pasted a wall of text from somewhere and it's nothing but propaganda. Over 9 million jobs in the US are directly, indirectly tied to the oil/gas industry. Crashing oil prices wont fix shit. In your short sighted view you are just thinking it would be nice to fill your tank at $1.75 a gallon
Also the comments about buying fuel from overseas versus American produced fuel is just idiotic. Do you know how many refineries we have in the US? Do you know what they can produce if they operated 24/7? Do you know how much fuel we consume daily? No, I didn't think you knew any of this. Can you imagine how many jobs would be lost if we end the EBT program? |
|
|
|
Posted: 12/16/2014 10:31:59 AM EDT
[#44]
When oil was high, those in the industry didn't have a problem with the millions of people not being able to afford gas, food, and lots of other things. They sat around and said " Those people can just look for new or better jobs and suck it up." Now that the shoe is on the other foot, its not cool.
I work in an industry that is directly effected as well. Luckily I have been here long enough to not have to worry about my job like others. The difference is I don't have a problem with others getting their day in the sun. I knew this day would come so I planned and saved for it instead of acting like it would never end. IMO, oil companies have screwed the common man for years. They report billions in profits and then tell you that it cost so much to drill and bring the final product to your door. They give out hundreds of millions in bonuses to a handful of people but tell you that gas prices need to be raised. I don't have a problem with companies making money or making a profit. It's required. But don't tell me its raining when your pissing on me. Also, if you think for one minute that the Republicans are not enjoying this down swing in oil prices you are mistaken. Both parties get money from the same corporate fat cats. Corporate America covers its bases 99% of the time. That is why they get away with screwing the American people. |
|
|
|
Posted: 12/16/2014 10:40:02 AM EDT
[#45]
Quote HistoryQuoted:
Get of here with that logic stuff. This thread is about why we need oil to be 150 dollars a barrel so we can further shrink the middle class while a few oil workers get paid 3 or 4 times what they would for an equivalent job in another industry. Cheap oil is good for everyone. If you're pissed about it I don't give a fuck. After years it's your turn to feel the squeeze. Quote HistoryQuoted:
Quoted:
Still paying baggage fees? Yep. Delivery surcharges? Yep. Price of goods and services dropping? Nope. Oil down 50% doesn't equate to everything dropping, quit being duped by the liberal media. Oil goes up a lot, price of stuff goes up a lot. Oil goes down a bunch, price of stuff goes down a little bit (with a long delay before they start decreasing). The average Joe won't notice it anywhere outside of the gas station. Get of here with that logic stuff. This thread is about why we need oil to be 150 dollars a barrel so we can further shrink the middle class while a few oil workers get paid 3 or 4 times what they would for an equivalent job in another industry. Cheap oil is good for everyone. If you're pissed about it I don't give a fuck. After years it's your turn to feel the squeeze. Does not compute. Crashing oil isn't good for the 9 million people directly associated with the industry. And the stock market is starting to take notice as well. It'll level off eventually. Oil is volatile and boom or bust, unfortunately. The drastic swings each way aren't good. Hopefully, once we are more independent, the swings won't be as drastic. There is a happy medium that is beneficial for all. Probably around $70 or so. |
|
|
|
Posted: 12/16/2014 10:49:09 AM EDT
[#46]
I assumed everyone understood that they are increasing production to intentionally drop the price until the US producers are crushed, and then cut production back off to raise the price while simultaneously having increased their market share.. I see a lot of you morons don't actually realize this.
|
|
|
|
Posted: 12/16/2014 10:51:19 AM EDT
[#47]
Quote HistoryQuoted:
I assumed everyone understood that they are increasing production to intentionally drop the price until the US producers are crushed, and then cut production back off to raise the price while simultaneously having increased their market share.. I see a lot of you morons don't actually realize this. Exactly. One thing American industry is known for is staying down after a slap to the face. 
|
|
|
|
Posted: 12/16/2014 10:52:05 AM EDT
[#48]
Quote HistoryQuoted: Yes because all US oil production sites will be rendered useless for eternity Quote HistoryQuoted: Quoted: Quoted: If it truly "crashes" - there will be no supply. What is your plan then? If it truly crashes, pepper your angus for $7-8 per gallon gas...and all the OPEC countries laughing all the way to the bank. 'Those who don't remember history are doomed to repeat it' Yes because all US oil production sites will be rendered useless for eternity Your assumption is apples to turnips. This has nothing to do with 'production sites'....and everything to do with 'drilling infrastructure'...but it's apparent that your knowledge of the industry extends to the numbers on the fucking pump. Please tell us how many companies manufacture the specialized equipment which comprise a drilling rig. In the 1970's OPEC pulled basically this same shit. That resulted in American drilling rigs being sold off overseas...or just rusting away in the company's yards. Not just everybody has the knowledge and tooling to make rotary tables, Kelly-blocks, tongs, pussy blocks....and on and on. Oh...wait...our manufacturing capability all went overseas. After the OPEC bullshit in the '70s, it took until the turn of the century for the domestic drilling industry to retool and get to the operational level at which we find ourselves today. Hell....let's all cheer on the demise of 15 million living wage jobs, a major segment of our nation's economy, and an avenue to strengthen the dollar in the world market. We can enjoy our gasoline at a price per gallon...less than a gallon of distilled water. What could go wrong? |
|
|
|
Posted: 12/16/2014 10:54:26 AM EDT
[#49]
Quote HistoryQuoted:
If it truly "crashes" - there will be no supply. What is your plan then? MadMax time? |
|
|
|
Posted: 12/16/2014 10:58:46 AM EDT
[#50]
Quote HistoryQuoted:
every thing I have to say to you is a <COC Violation>. my livelihood depends on high oil prices. so go <COC Violation> yourself. Quote HistoryQuoted:
Quoted:
Snip huge wall of text. every thing I have to say to you is a <COC Violation>. my livelihood depends on high oil prices. so go <COC Violation> yourself. Sounds like a personal problem to me. You must not have any marketable skills to hack it elsewhere? |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
