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re: What’s bad about the price of oil dropping?

Posted on 3/9/20 at 10:02 pm to
Posted by Clark W Griswold
THE USA
Member since Sep 2012
10515 posts
Posted on 3/9/20 at 10:02 pm to
Sounds like you’re not high enough in the food chain to know that budgets for this year are being slashed. If your family has a budget for this year but all your kids have health issues pop up that drain your budget, you don’t just keep spending as usual because it was in the budget. You find ways to cut back.

One oil giant is barely spending this year and investors are concerned. Another is spending like crazy with a long term plan and investors are freaking out too.
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