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re: Anyone else tired of listening to oil workers bitch about the cost of oil
Posted on 1/21/16 at 7:00 pm to RogerTheShrubber
Posted on 1/21/16 at 7:00 pm to RogerTheShrubber
quote:
I don't see gloating, I see happiness that people can actually fill their tank for a reasonable amount. It benefits millions
Why is it reasonable now but it was unreasonable at $3.50?
Isn't that how supply and demand works? If millions of people didn't think it was reasonable the price would have come down.
quote:
It benefits millions
Debatable. I've gone over this many times in these threads, so I'll be brief, but if oil gets much worse it will have been the result of slowing global growth and that is good for no one. I'm not saying low oil will destroy the globe - that is preposterous - but the recent dive in oil prices has coincided with a significant valuation to ALL industries since the 1st of the year. Every time you wake up to see lower oil prices for the foreseeable future, you're going to also see significant declines in your investments as well.
Oil isn't causing it, but the lower oil gets the worse we will all be.
Posted on 1/21/16 at 7:10 pm to slackster
quote:
think it was reasonable the price would have come down.
The oil industry has its own set of economic inputs that influence beyond supply anddemand
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