re: The Last Time The Price Of Oil Crashed Like This?

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Louisiana's economy will take a big hit.


It won't be bad at all for us down here.

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how so?

oil goes down, big O&G companies aren't making big profits anymore. They don't make big profits, they don't keep expanding. They don't expand, contractors don't have as much work to do since projects are getting cancelled. Other local companies that sell equipment to O&G companies don't have new infrastructure to sell more equipment like valves, pumps, hvac, compressors, motors, seals, pipe, etc.