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re: is the price per barrel of oil dropping a bad thing?

Posted on 12/17/14 at 7:48 am to
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38259 posts
Posted on 12/17/14 at 7:48 am to
Good for individuals, bad for the oil and gas industry.
Posted by yellowfin
Coastal Bar
Member since May 2006
97713 posts
Posted on 12/17/14 at 7:56 am to
quote:

bad for the oil and gas industry.


and any industry that depends on the oil and gas industry


which in cities like Lafayette is everything
Posted by Indfanfromcol
LSU
Member since Jan 2011
14734 posts
Posted on 12/17/14 at 10:25 am to
quote:

Good for individuals, bad for the oil and gas industry and those employed in it.




FIFY.


My guess is that it is either a shock to the market and prices will stabilize, or like some had suggested, if the prices the past 4 years were from a monetary policy and now we are seeing the actual price, I would suspect the government to create another monetary policy to drive prices back up (not to the old level, but still up).
Posted by Double Oh
Louisiana
Member since Sep 2008
17969 posts
Posted on 12/17/14 at 5:22 pm to
quote:

Good for individuals, bad for the oil and gas industry.





Bingo we have a winner..
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