- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/22/14 at 2:53 pm to yankeeundercover
Posted on 12/22/14 at 2:53 pm to yankeeundercover
quote:
he Last Time The Price Of Oil Crashed Like This?
1986
read about it, bro
LINK
very similar situation as today
2
Posted on 12/22/14 at 2:53 pm to stout
I assume none of you young bucks were around in '84.
Posted on 12/22/14 at 2:54 pm to yankeeundercover
How much did it drop during the great oil crunch of the mid-80's?
Posted on 12/22/14 at 2:54 pm to OFWHAP
Exactly
Posted on 12/22/14 at 2:54 pm to stout
That's my point. The linked site makes it seem as if oil caused the economic crisis in 2008.
Posted on 12/22/14 at 2:54 pm to lsu480
quote:
student loans
Higher Ed is the next great bubble crash in America IMO
Posted on 12/22/14 at 2:55 pm to Spirit of Dunson
Here's a chart with more current data (thru now-ish):
Posted on 12/22/14 at 2:55 pm to Spirit of Dunson
quote:
The linked site makes it seem as if oil caused the economic crisis in 2008.
Yea they are really reaching. Looks like click bait on that sites part.
Posted on 12/22/14 at 2:56 pm to stout
quote:
Higher Ed is the next great bubble crash in America IMO
the 4 year degree portion
Posted on 12/22/14 at 2:56 pm to Paige
If LA and TX are gonna put all their eggs in 1 basket, people can't be too surprised when a historically volatile market takes a turn for the worse.
Posted on 12/22/14 at 2:56 pm to yankeeundercover
The price drop is OPEC trying to force a slowdown in the shale boom exploration/drilling.
I expect prices to stay low for 4-6 months and then you will see prices skyrocket back up to earlier 2014 year levels.
I expect prices to stay low for 4-6 months and then you will see prices skyrocket back up to earlier 2014 year levels.
This post was edited on 12/22/14 at 2:57 pm
Posted on 12/22/14 at 2:57 pm to yankeeundercover
Saudis intend to put Putin out of business by breaking his economy. It might work.
Posted on 12/22/14 at 2:57 pm to mostbesttigerfanever
quote:
1986
That shite fricked LA hard and took a long time to recover
Posted on 12/22/14 at 2:57 pm to skullhawk
quote:
the 4 year degree portion
And grad schools
Attornies are already oversaturated
Trade schools will increase IMO
This post was edited on 12/22/14 at 2:59 pm
Posted on 12/22/14 at 2:57 pm to Spirit of Dunson
Wow
You think oil and gas companies should also grow fruit or something?
You think oil and gas companies should also grow fruit or something?
Posted on 12/22/14 at 2:59 pm to Paige
quote:
You think oil and gas companies should also grow fruit or something?
He is saying LA and Texas need other industries not so dependent on Oil. Diversify.
Posted on 12/22/14 at 2:59 pm to nc14
I think they are less concerned with Putin and more concerned with their status as the controller of surplus supply which was taken by the US. They'd like to put a few of the marginally profitable shale gas outfits out of business.
Posted on 12/22/14 at 3:00 pm to jennyjones
quote:
That shite fricked LA hard and took a long time to recover
yep, La and Texas had never seen anyting like it and havent since.
2009-2010 was well on it's way to being close, until the BP oil spill saved a lot of peoples asses and the Spillionaires were born.
Posted on 12/22/14 at 3:01 pm to yankeeundercover
absolute nonsense.
the SPIKE in commodity prices (oil, food etc) is what popped the housing bubble and lead to the recession.
This guy has absolutely NO idea what he's talking about and is just selling fear and panic.
the SPIKE in commodity prices (oil, food etc) is what popped the housing bubble and lead to the recession.
This guy has absolutely NO idea what he's talking about and is just selling fear and panic.
Posted on 12/22/14 at 3:01 pm to stout
quote:this to some extent. We are lucky to have the resources we have and are doing well by our people exploiting them. But it has always been cyclical, and we haven't done much to prepare for the down times.
He is saying LA and Texas need other industries not so dependent on Oil. Diversify.
Page 2 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News