re: Boom to bust: Crude oil costing families

It just seemed , to me , that everyone had to tighten up in their households due , mainly , to having to spend 4 times as much a week on fuel. Now.....people in the oil business who were living large while most were scraping buy are complaining because the tables have turned. I think low gas prices are GREAT for the economy and allow people to live a bit easier when it comes to finances. I could be totally wrong about that , but that's how I feel. I'm trying to find a reason to feel sorry for folks in the oil industry when they weren't feeling bad for the rest of America when gas was pushing 5.00 a gallon.

quote:

---

Well, when you chose to work in an industry that makes tons of money ripping off consumers,

---

Ignorant people amaze me.

quote:

---

Ignorant people amaze me

---

The way Crude Oil prices are created based on pure speculation is a racket my good sir. Just because it seems to somehow be legitimate to those that benefit from it, don't make it a serious ripoff, especially seeing as how the US Taxpayer bailed all of these oil companies out nearly 30-40 years ago with absolutely nothing to show for it.

quote:

---

This is whole towns and communities being decimated.

---

Let's slow that hyperbole train down some

I don't think anyone on this board is the reason prices were high , only that lost were enjoying the fact that while most industries were down they're pockets were filling up and now that the tables are turned , somewhat , they're complaining. I certainly don't blame anyone for cashing in by working in the O&G industry the past 10 years, I commend them. However , the time has come that their salaries come back down to reality similar to the price of gas.

quote:

---

However , the time has come that their salaries come back down to reality similar to the price of gas.

---

what on gods earth do you think a production engineer, drilling engineer, geologist or a geophysicist make?

I know people who work in commercial insurance that make more money than all of them.

The MC Shrimp and Petroleum festival will have more drunks than usual this year.

I work in the industry and know people who have been laid off recently. Most are professionals with degrees that planned for the rainy day and will be fine long term.

I don't know of anyone personally wanting others to sacrifice and pay more for things so that someone in the oil and gas industry can have nice things. In my opinion it is ludicrous for anyone to think that someone should pay for someone else which is why I don't support socialism.

But people who bitch because they want gas at a dollar so they have more money to spend elsewhere are the same ones who have no problem with paying more than a dollar for a bottle of water.

If you live anywhere on the Gulf Coast this downturn will eventually effect you negatively. The original poster only posted the section of the article that would stir up the most crap. The other part of the article was talking about a school maybe needing to close due to loss tax revenue.

quote:

---

Then there is no reason he shouldn't have 12 months living expenses and be working part time until that sector picks backs up.

---

Ohhhh, another original thought.

quote:

---

But people who bitch because they want gas at a dollar so they have more money to spend elsewhere are the same ones who have no problem with paying more than a dollar for a bottle of water.

---

Bottled water is optional for everyone not in a 3rd world country or Detroit (same thing really). Gas isn't unless you live in a city with a transit system so your analogy is horrible.