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re: Update, May crude oil futures now down to under $12
Posted on 4/19/20 at 10:28 pm to BeepNode
Posted on 4/19/20 at 10:28 pm to BeepNode
The OT always gets into this stupid quarrelsome mood when oil prices are mentioned. It’s safe to say that either extreme sucks
- prices are high: the budgets of American families get squeezed, life gets harder as things become more expensive
- prices are low: millions of Americans lose their jobs, companies go bankrupt, banks holding a lot of that corporate debt find themselves in a bad spot, recessions happen
Anyone cheering on either outcome is a short-sighted dickhead. Oil at $15 is absurd and oil at $115 is absurd.
- prices are high: the budgets of American families get squeezed, life gets harder as things become more expensive
- prices are low: millions of Americans lose their jobs, companies go bankrupt, banks holding a lot of that corporate debt find themselves in a bad spot, recessions happen
Anyone cheering on either outcome is a short-sighted dickhead. Oil at $15 is absurd and oil at $115 is absurd.
1
Posted on 4/19/20 at 10:33 pm to Boring
The problem is the crash. If we slowly phase out of oil then that is fine. Crashes in oil while it represents this much of the economy is not good for our country.
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