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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
Posted by slackster
Houston
Member since Mar 2009
85427 posts
Posted on 1/21/16 at 7:00 pm to
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 by RogerTheShrubber
Juneau, AK
Member since Jan 2009
262628 posts
Posted on 1/21/16 at 7:10 pm to
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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