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Posted on 1/5/15 at 12:12 pm to UFownstSECsince1950
cheap energy benefits on the whole, but places like Texas, Louisiana, and Alaska will feel it more than most other places in the states.
Posted on 1/5/15 at 12:12 pm to UFownstSECsince1950
Agreed. A handful of people losing their jobs has much less impact on the economy than lower gas prices throughout the entire country.
Posted on 1/5/15 at 12:21 pm to UFownstSECsince1950
quote:
Americans getting cheaper gas is wayyyy more important than a couple disposable oilfield jobs
well locally it hurts, so of course it's silly for locals to be cheering the prices
but nationally, we cannot let this hurt our path to world domination in petro exports or we're going to face a much more difficult path when the prices come back into the range where it's economically feasible
Posted on 1/5/15 at 12:47 pm to UFownstSECsince1950
quote:there are more than just oilfield jobs being lost....
couple disposable oilfield jobs
Posted on 1/5/15 at 3:35 pm to UFownstSECsince1950
quote:
Americans getting cheaper gas is wayyyy more important than a couple disposable oilfield jobs
Not really.
OPEC is hammering oil prices low, which will halt a good bit of local exploration and drilling, especially hire cost shale operations. After a few months, after production outside of OPEC has dropped, they will let the oil price rspindly increase, which will shoot up fuel prices back to $2.80/gal+
..and without local the local production (which was shutdown/slowed) to offset it, there will be nothing we can do about it.
Posted on 1/5/15 at 8:28 pm to UFownstSECsince1950
quote:
Americans getting cheaper gas is wayyyy more important than a couple disposable oilfield jobs
Someone doesn't understand economics.
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