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Started By
Message
Economist: Iran deal means oil @ $10-20/bbl
Posted on 7/14/15 at 4:31 pm
Posted on 7/14/15 at 4:31 pm
Drink up, Laffy LINK
This post was edited on 7/14/15 at 6:02 pm
29
Posted on 7/14/15 at 4:31 pm to Jim Rockford
Truck nut futures will also plummet.
Posted on 7/14/15 at 4:32 pm to Jim Rockford
Going to buy that F250 I've been having my eyes on. 
Posted on 7/14/15 at 4:33 pm to Jim Rockford
(no message)
This post was edited on 4/9/23 at 2:39 pm
Posted on 7/14/15 at 4:33 pm to Jim Rockford
Damn
Posted on 7/14/15 at 4:33 pm to Jim Rockford
I am hiring in Lafayette and have had way more calls today than I have in the past for that area. The majority of them say they are laid off from the oil field and looking for work.
Posted on 7/14/15 at 4:33 pm to Jim Rockford
Then the story under it LINK
Posted on 7/14/15 at 4:42 pm to Jim Rockford
Not a chance that happens.
Posted on 7/14/15 at 4:46 pm to Jim Rockford
quote:
Drink up, Laffy
Why Americans root for the demise of domestic oil production is beyond me. I guess they are too young to know what dependence on Middle Eastern energy sources is like.
Posted on 7/14/15 at 4:48 pm to Jim Rockford
quote:
$10-20
I'll believe that when I see it. Sounds like sensationalist headlines created to garner attention.
Posted on 7/14/15 at 4:48 pm to The First Cut
I think Rockford's wife must've fricked a roustabout, cause he's been celebrating the bad times in the energy sector since they started.
Posted on 7/14/15 at 4:51 pm to msutiger
don't feel too bad , i hear lsu just lost a big" oilfield trash" donor and he is headed to la tech 
Posted on 7/14/15 at 4:52 pm to Jim Rockford
quote:
Economist: Iran deal means oil @ $10-20
That would be good but I do not see it happening. I would be happy if prices stayed around $50.
Posted on 7/14/15 at 4:54 pm to Jim Rockford
That's not how this works.
Posted on 7/14/15 at 4:55 pm to The First Cut
quote:
Why Americans root for the demise of domestic oil production is beyond me. I guess they are too young to know what dependence on Middle Eastern energy sources is like.
Theres a difference. The reason this is going on is because we arent having to depend on foreign oil. Surely the oil companies that have been screaming for this for as long as I can remember knew the current market was a likely outcome. If anything, the reason we're still in it is because the US production costs have improved so much to the point where we can afford to still be competitive with OPEC despite the lower prices.
And sorry, but I don't feel bad for Welders that can't get oilfield jobs making $75/hr. There are plenty of jobs to be had making a good living especially for skilled people, just not at ridiculously inflated rates. Surely people understand that the market of the last 10 years was only temporary.
Furthermore, as oil has increased, oil companies were spending millions (billions) investing in technology to make production cheaper and more efficient to maximize their profits. Now that oil has come down, those investments have to be really showing their worth as evidenced by the fact the we're still beating OPEC at their own game and the shock at how cheap domestic producers can still turn a profit.
Posted on 7/14/15 at 4:55 pm to 24nights
quote:
don't feel too bad , i hear lsu just lost a big" oilfield trash" donor and he is headed to la tech
What good does that do for LA tech if he doesn't have any money?
Posted on 7/14/15 at 5:02 pm to Jim Rockford
So LA state budget takes a hit too. Everyone is happy huh?
Posted on 7/14/15 at 5:02 pm to Jim Rockford
quote:
Drink up, Laffy
I'm glad you're so happy about hardworking people having tough times beyond their control.
I curse your way of life whatever it is. May you sir have hard times 7 fold of the people you laugh at here.
Now that the curse is on you will wake up the nextorning with an overwhelming since of guilt and displeasure for yourself. You will look in the mirror and despise yourself for decades. You are now CURSED!!!'
Posted on 7/14/15 at 5:04 pm to elprez00
Welders were making 75 an hr? A lot of pa's don't make that much.
Posted on 7/14/15 at 5:05 pm to Jim Rockford
quote:
oil @ $10-20
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