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re: For those gloating about oil:Falling oil means rising foreclosures in oil states
Posted on 1/20/16 at 1:57 pm to Oates Mustache
Posted on 1/20/16 at 1:57 pm to Oates Mustache
Maybe
Maybe not.
Some won't feel any such "squeeze".
There are certain professions that are recession proof. Medicine for example.
You won't stop seeing the doctor because of oil's drop in price.
Maybe not.
Some won't feel any such "squeeze".
There are certain professions that are recession proof. Medicine for example.
You won't stop seeing the doctor because of oil's drop in price.
4
Posted on 1/20/16 at 1:57 pm to RedRifle
quote:
For those gloating about oil:Falling oil means rising foreclosures in oil states
Potential good deals on houses? Who's complaining?
Posted on 1/20/16 at 1:58 pm to Oates Mustache
quote:
As the global recession sets in and you actually start feeling the squeeze, you'll change your tune. And if those guys aren't out there working in O&G to provide you with that fuel, who else will?
There is always someone who will do that work. Always. Love paying for cheap gas.
Posted on 1/20/16 at 1:59 pm to Oates Mustache
quote:
It's getting real bad in both energy and the global market. This seriously isn't a doom and gloom post, this shite is happening.
RBS put out a bulletin last week telling all of their clients to get out of the stock market immediately.
Posted on 1/20/16 at 2:02 pm to BRgetthenet
Of course, medicine and morturary's. So the government is going to pay for those hospital bills when people can't? Insurance costs area going to increase, etc.
This isn't happening in a vacuum.
This isn't happening in a vacuum.
Posted on 1/20/16 at 2:03 pm to BRgetthenet
Hospitals have layoffs all the time
Posted on 1/20/16 at 2:04 pm to BRgetthenet
quote:
There are certain professions that are recession proof. Medicine for example. You won't stop seeing the doctor because of oil's drop in price.
That's the exact reason why I work in a hospital. We're not going anywhere.
Like someone already said, O&G is cyclical. I don't know why people are acting so surprised that they are in a down turn right now. They sure weren't concerned about anyone having to pay over $4 a gallon when they were making $10K-15K a month.
And the world didn't go into a great recession back in the 90's when gas was under $1 a gallon.
Posted on 1/20/16 at 2:04 pm to BRgetthenet
quote:
There are certain professions that are recession proof. Medicine for example.
You won't stop seeing the doctor because of oil's drop in price
bullshite. If I lose my job and health insurance, you sure as hell aren't going to see me going to the doctor unless it's absolutely necessary. I'm talking about death or permanent deformation. And if I go, it will be to a cheap clinic or something.
Posted on 1/20/16 at 2:05 pm to carhartt
quote:
And the world didn't go into a great recession back in the 90's when gas was under $1 a gallon.
You aren't paying attention. O&G isn't causing this, the incoming global recession is (i.e. China's market tanking). O&G is only a minor cog in this current machine.
Posted on 1/20/16 at 2:08 pm to KG6
You'll go if you have to. That's my point.
If you don't, you won't.
I won't pay $3.85 a gallon to fill up any time soon. That's just the way supply and demand works.
If you don't, you won't.
I won't pay $3.85 a gallon to fill up any time soon. That's just the way supply and demand works.
Posted on 1/20/16 at 2:09 pm to Oates Mustache
Someone will always extract oil. And if they don't, it'll go up! Supply and demand!
Posted on 1/20/16 at 2:10 pm to jimbeam
It's pretty simple, really.
We have plenty of oil. Not a lot of demand.
We have plenty of oil. Not a lot of demand.
Posted on 1/20/16 at 2:13 pm to Oates Mustache
quote:
And if those guys aren't out there working in O&G to provide you with that fuel, who else will?
If supply demands it, the Oil companies will hire people back on and start drilling more. As of right now, they have enough guys working in O&G to provide us with enough fuel to not demand more drilling.
Cyclical
Posted on 1/20/16 at 2:17 pm to carhartt
got me some more $1.44 gas today. 
Posted on 1/20/16 at 2:18 pm to MorbidTheClown
So none of you clowns have any money in the stock market? Pun intended.
Posted on 1/20/16 at 2:19 pm to RedRifle
don't mean to be harsh but if you get foreclosed within a few months of a "crisis" starting you probably have too much house.
Posted on 1/20/16 at 2:19 pm to Oates Mustache
Yep. Not worried about it right now
Posted on 1/20/16 at 2:22 pm to Oates Mustache
Yea but I don't intend to sell for 30 years or so
Posted on 1/20/16 at 2:23 pm to jimbeam
I'm sure it's been said but if you have had to pay gas prices in other countries you would be happy with the prices here no matter what the market is like.
Posted on 1/20/16 at 2:31 pm to Oates Mustache
Why are you always so deragatory to eveybody in this thread?
We get it, you're pissed. Everyone I know that's been laid off is moving on with their life.
We get it, you're pissed. Everyone I know that's been laid off is moving on with their life.
This post was edited on 1/20/16 at 2:32 pm
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