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Started By
Message
re: Crude below $50
Posted on 1/6/15 at 2:43 pm to tgrbaitn08
Posted on 1/6/15 at 2:43 pm to tgrbaitn08
quote:true
the doctors that oilfield trash needs the most
0
Posted on 1/6/15 at 2:43 pm to CptRusty
(no message)
This post was edited on 9/24/24 at 11:11 am
Posted on 1/6/15 at 2:45 pm to CptRusty
quote:
I tend to agree and I hope you're correct. It isn't as if "normal" market forces are what is driving the price down, but then again I'm sure the Saudis can keep this up for as long as they want. What I think will happen is that a war will begin in the middle east some time in the first or second quarter of this year, and you will see Oil climb back up to $90-100/bbl. Sad to say, but if I were a betting man that's where my money would be.
thats exactly where I would put my money
Posted on 1/6/15 at 2:47 pm to Spirit of Dunson
quote:
I bet you work in the oil field or oil field related industry
what gave it away?
quote:
LoveThatMoney
Nope. Just understand how to read articles on how the dip in oil prices affects our economy. Though I do love Talladega Nights.
Posted on 1/6/15 at 2:47 pm to MrSmith
quote:
I develop software. For doctors specifically
when unemployment numbers go up less people have insurance
when less people have insurance they don't go to the dr unless it's an emergency
even when it is an emergency they don't have money to pay the bill
doctors reduce staff and no longer need your services
oil & gas workers usually have bang up health insurance so they make up a big portion of patients in south la
Posted on 1/6/15 at 2:48 pm to RedRifle
quote:
Poor family now saves $200/mth in total gas cost
If they were spending 500/month in gas they weren't poor
Posted on 1/6/15 at 2:51 pm to yellowfin
quote:
when unemployment numbers go up less people have insurance
bullshite, the government has to pay for it now. Luckily they make lots of money so it won't come out of my pocket
Posted on 1/6/15 at 3:00 pm to yellowfin
Our software is about automation, replacing staff = cheaper.
I agree that this is going to affect our lives somewhat but not as much the o&g folks are saying. I just don't feel sorry for roughnecks losing their bubbled jobs
I agree that this is going to affect our lives somewhat but not as much the o&g folks are saying. I just don't feel sorry for roughnecks losing their bubbled jobs
Posted on 1/6/15 at 3:00 pm to CptRusty
quote:
I tend to agree and I hope you're correct. It isn't as if "normal" market forces are what is driving the price down, but then again I'm sure the Saudis can keep this up for as long as they want. What I think will happen is that a war will begin in the middle east some time in the first or second quarter of this year, and you will see Oil climb back up to $90-100/bbl. Sad to say, but if I were a betting man that's where my money would be.
Just what do you think is driving prices if it is not "normal" market forces?
Posted on 1/6/15 at 3:03 pm to MrSmith
quote:
I just don't feel sorry for roughnecks losing their bubbled jobs
As you type during work hours in the a/c.
Posted on 1/6/15 at 3:07 pm to fightin tigers
Hey man I respect the hard work. That's not at all what I was was talking about
Posted on 1/6/15 at 3:07 pm to cave canem
quote:
Just what do you think is driving prices if it is not "normal" market forces?
above normal production buy the US
Saudi's having the spigot wide open and flooding the market
downward global economy/less of a demand for energy
Posted on 1/6/15 at 3:10 pm to fightin tigers
quote:what does that have to do with anything?
As you type during work hours in the a/c.
Posted on 1/6/15 at 3:11 pm to RedRifle
quote:
Poor family now saves $200/mth in total gas cost
what poor family is spending this much money on gas? wtf
Posted on 1/6/15 at 3:12 pm to MrSmith
If it's a long term change in market it will most definitely affect everyone
Look at the mid west manufacturing towns since we started buying everything from China.....How many Drs out of businss? Hospitals shut down?
People are going to leave south la, believe it or not but Morgan City was a booming/growing city until the mid 80s hit and it never fully recovered
Now if oil is back at $100 this time next year most won't even notice it
Look at the mid west manufacturing towns since we started buying everything from China.....How many Drs out of businss? Hospitals shut down?
People are going to leave south la, believe it or not but Morgan City was a booming/growing city until the mid 80s hit and it never fully recovered
Now if oil is back at $100 this time next year most won't even notice it
Posted on 1/6/15 at 3:14 pm to MrSmith
Ignore them. You're arguing with people who have a vested interest high oil prices. This is Louisiana being selfish even if the rest of the nation or world benefits. Everyone knows that lower commodity prices drives growth and that the Chinese and other EM have been waiting for this forever.
Posted on 1/6/15 at 3:19 pm to tgrbaitn08
quote:
above normal production buy the US
Saudi's having the spigot wide open and flooding the market
downward global economy/less of a demand for energy
Now the part about the Saudi's is complete and utter ignorant bullshite. I have seen more idiots echo this without even bothering to look up facts.
As for the rest introducing added supply into a market with declining demand and getting decreased prices is about the most normal market force in existence.
Posted on 1/6/15 at 3:20 pm to RedRifle
quote:
You're arguing with people who have a vested interest high oil prices.
only 25% of my business is directly related to offshore oil and gas...however, low oil and fuel prices do directly effect my business. Some good some bad... It may affect your's right now, but eventually some way, some how it will..and not in a positive way. Good possibility it may not because in 9 months the price of oil very well may be back up to $75-$90 a BBL and you'll be bitching about high gas prices in a thriving economy.
Posted on 1/6/15 at 3:25 pm to RedRifle
quote:
You're arguing with people who have a vested interest high oil prices
Other than my 401k, at this point, lower oil prices benefit me. I can just think beyond 6 months and realize that a vast amount of the economy around me is based on oil and gas exploration.
As soon as Bubba stops driving that big truck and spending money in my local economy it will no doubt trickle down to me.
Posted on 1/6/15 at 3:27 pm to tgrbaitn08
Not talking about you. You're a rational poster. However the evidence is there that low commodity prices in a growing economy is a good thing. From the fleet that pays less in gas to the family that spends $50/mth more at Walmart or on entertainment etc. The number of people that work in the oil services sector is not that huge compared to other sectors. Heck financial services and healthcare are more important sectors than oil when it comes to employment.
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