re: Low Gas Prices, People don't understand the Problems

cheap energy benefits on the whole, but places like Texas, Louisiana, and Alaska will feel it more than most other places in the states.

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Americans getting cheaper gas is wayyyy more important than a couple disposable oilfield jobs

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well locally it hurts, so of course it's silly for locals to be cheering the prices

but nationally, we cannot let this hurt our path to world domination in petro exports or we're going to face a much more difficult path when the prices come back into the range where it's economically feasible

quote:

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Americans getting cheaper gas is wayyyy more important than a couple disposable oilfield jobs

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Not really.

OPEC is hammering oil prices low, which will halt a good bit of local exploration and drilling, especially hire cost shale operations. After a few months, after production outside of OPEC has dropped, they will let the oil price rspindly increase, which will shoot up fuel prices back to $2.80/gal+

..and without local the local production (which was shutdown/slowed) to offset it, there will be nothing we can do about it.