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Started By
Message
re: Economist: Iran deal means oil @ $10-20/bbl
Posted on 7/14/15 at 5:06 pm to elprez00
Posted on 7/14/15 at 5:06 pm to elprez00
We're not dependent- today. What happens when oil stays depressed for an extended period? Domestic production declines and foreign dependence spikes. That's the exact end game that the Saudis are playing.
Edit: I employ welders, and if you think LA welders make $75/hr you're exponentially incorrect.
Edit: I employ welders, and if you think LA welders make $75/hr you're exponentially incorrect.
This post was edited on 7/14/15 at 5:16 pm
0
Posted on 7/14/15 at 5:10 pm to ForeverLSU02
Have a buddy that fixes shite on rigs and he said the gulf needs a bad arse hurricane for him to be busy.
Posted on 7/14/15 at 5:14 pm to rantfan
I don't think anybody will he crying because T-Boudreau can no longer buy that Ford Raptor just because he's flush with per diem..
But at the same time, there are lots of hardworking people (engineering, sales, etc) at smaller businesses in south LA that do primarily oilfield work. Those are the people and the companies to worry about
But at the same time, there are lots of hardworking people (engineering, sales, etc) at smaller businesses in south LA that do primarily oilfield work. Those are the people and the companies to worry about
Posted on 7/14/15 at 5:35 pm to The First Cut
quote:
I guess they are too young to know what dependence on Middle Eastern energy sources is like.
Or more like they don't like pollution and know we could do more with better energy that won't run out.
Posted on 7/14/15 at 5:38 pm to recruitnik
Yeah, cheap oil will make the planet cleaner.
:rotflmao:
Posted on 7/14/15 at 5:41 pm to Jim Rockford
Obeezy working on that second Nobel.
Posted on 7/14/15 at 5:42 pm to The First Cut
$10 oil barrels would kill this state's economy.
Like wayyyy poorer than Mississippi killed.
Like wayyyy poorer than Mississippi killed.
This post was edited on 7/14/15 at 5:43 pm
Posted on 7/14/15 at 5:43 pm to Jim Rockford
If the concensus was oil falling to $20/barrel, it would already be there
Posted on 7/14/15 at 5:43 pm to DownshiftAndFloorIt
Yeah, you think Jindal's education cuts were devastating, try $10 oil.
Posted on 7/14/15 at 5:47 pm to jimbeam
quote:
So LA state budget takes a hit too. Everyone is happy huh?
Vitter is campaigning on restructuring and fixing the budge messed left over from Jindal so hopefully he spends his eights years reforming how the state brings in and spends money.
With that being said $10 oil
. I believe when I see it.
Posted on 7/14/15 at 5:47 pm to upgrayedd
I wish we could make the person who wrote that put real money on it.
Posted on 7/14/15 at 5:48 pm to DownshiftAndFloorIt
quote:possible?
Like wayyyy poorer than Mississippi killed.
Posted on 7/14/15 at 5:49 pm to Jim Rockford
quote:
Economist: Iran deal means oil @ $10-20
It would be great if you qualified those numbers in the title and said that was per barrel, and not per gallon.
Posted on 7/14/15 at 5:49 pm to CelticDog
Yea it wouldn't happen, but $30 is possible and would be very crippling for the state.
I wonder if Obama will come save us? We're probably looking at much more unemployment and profit loss as a whole than GM going under was.
I wonder if Obama will come save us? We're probably looking at much more unemployment and profit loss as a whole than GM going under was.
Posted on 7/14/15 at 5:49 pm to lsucoonass
quote:
Welders were making 75 an hr? A lot of pa's don't make that much.
I'm exaggerating there, but you get my point.
Posted on 7/14/15 at 5:53 pm to 70739tigah
quote:
Obeezy working on that second Nobel.
Obama actually might deserve a noble peace prize if oil goes to $10-$20. Iran and Russia need close to ~$100/barrell to fund their government. If (big if) oil goes that low any economic benefit Iran would get from the lifting of the sanctions would quickly be spent on extra spending on hiding their nuke program from inspectors or be offset by decreased revenues for oil being so cheap. Russia also would no longer be able its military build up and supporting the "volunteers" in eastern Ukraine. LINK
Posted on 7/14/15 at 5:53 pm to elprez00
I don't think you know your point. These aren't water wells, they require continual work over to flow. $20 per barrel and there's no money in it so they don't get worked over and production declines. Your statement about the US beating OPEC at their game shows that you have no idea what you're talking about.
Posted on 7/14/15 at 5:54 pm to WeeWee
I hope the price continues to crater. Cheaper gas for me is good for me. Oilfield trash be damned.
Posted on 7/14/15 at 5:55 pm to elprez00
LOL at the suckers.
"If you like your doctor, you can keep your doctor."
"If you like your doctor, you can keep your doctor."
Posted on 7/14/15 at 5:56 pm to Jim Rockford
Good thing we getting that BP money baws.
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