re: Oil Wars: Why OPEC Will Win

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Yes I do actually. And there a lot of of big boys not named Chevron etc.

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So you don't think there will be job losses because the "big boys" (undefined) are "OK". Does OK involve layoffs at BP? Does OK involve serious reductions in capital budgets at CVX? Considering that the Majors are cutting capital, won't be drilling as much are doing as many projects, do you think that will ripple out into the service sector? How do you think the rig contractors are doing right now, just to mention one small sector?

And the US government isn't going to do anything. They're not going to "play cards" for the O&G industry. It benefits more of the country's economy to have lower prices. There is no threat to our national security or our greater economy from lower oil prices.

Your point that the US relies less on oil as part of its GDP further reinforces that no one in this country cares about low prices affecting the O&G industry except O&G people.

And whole hosts of companies were caught with their pants down again (like the 80s) - overextended and banking on $80+ in to the future. No one saw it coming, no one predicted it.

The majors will survive, they always do, but if this thing is extended a bunch of companies that collectively provide jobs to thousands of people will feel the crunch. If the majors start picking off some of these companies - like Apache for example, what do you think happens to all those Apache employees? To that office building?