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Message
1
Posted on 4/4/16 at 3:59 pm to Tigermite
quote:
The majority of people on this site would consider him a jackass for simply owning those things
because the majority on here have kids or are still kids themselves and cant afford toys.
Posted on 4/4/16 at 4:00 pm to Count Chocula
quote:
Well there's always the Kentucky tourism trade
FYI, Deliverance was based in Georgia.
Posted on 4/4/16 at 4:02 pm to Nado Jenkins83
Not uncommon for these guys to spend all that money when times are good only to be instantly broke when it ends. I can't feel too sorry for them
Posted on 4/4/16 at 4:02 pm to BluegrassBelle
quote:
quote:
Yeah, the shite that happened with coal is spelled O B A M A.
Not really. He hasn't exactly slowed the flow but the regulations to slow production has been in effect since before he was in office and it also has ties to the large drop in China's steel demand. It's been a slow death.
Not just regulation -- cheap gas from fracking has really hammered demand for coal, if I understand it correctly.
This post was edited on 4/4/16 at 4:04 pm
Posted on 4/4/16 at 4:03 pm to slackster
quote:
I don't see how they can make both claims. If the economy is better with higher oil prices, wouldn't that suggest the consumer is better in the long run as well?
Not necessarily. The benefits of significantly lower consumer prices could easily outweigh a slight increase in growth that could come from the benefits of higher prices for producers, exports, and connected industries. Growth and consumer welfare are not necessarily perfectly linked, although a huge jump or drop in one will undoubtedly impact the other.
Posted on 4/4/16 at 4:03 pm to Nado Jenkins83
Exactly. Its quite sad
Posted on 4/4/16 at 4:05 pm to Count Chocula
quote:
Tell this to the many unemployed in South Louisiana that this is a "good" thing.
they knew exactly what the job risks were before being hired.
Posted on 4/4/16 at 4:06 pm to RogerTheShrubber
quote:
I can't feel too sorry for them
They wouldnt want your sympathy to begin with
Posted on 4/4/16 at 4:08 pm to Tigermite
quote:
quote:
I can't feel too sorry for them
They wouldnt want your sympathy to begin with
Seems many who post here feel differently
Posted on 4/4/16 at 4:12 pm to The Cool No 9
quote:
Oil stocks. Get em. No way its going to stay $40 a barrel forever.
Most people have no clue how any of this works though. Saying it will be above $40/bbl doesn't mean there is any money to be made in oil stocks.
The only way to profit from the expected rise in oil prices is to own physical oil that you buy for $40 and sell for $50 down the road. That isn't the way it works for you and me though.
Crude is at $35.46/bbl right now. November 2016 future contracts are at $40/bbl. The market is expecting crude to rise. All else being equal, the only way you make money is if it rises MORE than expected. The same with losses. Everything that you think you know is priced into the value of oil stocks already. To act like they're some undiscovered gold mine is disingenuous.
Posted on 4/4/16 at 4:19 pm to BluegrassBelle
quote:
Not really. He hasn't exactly slowed the flow but the regulations to slow production has been in effect since before he was in office and it also has ties to the large drop in China's steel demand. It's been a slow death.
What has killed coal is cheap natural gas from all the gas shales. Natural gas use has been overtaking coal as the preferred fuel for new power plants for some time now. Whether these low natural gas prices are sustainable is an entirely different argument.
Posted on 4/4/16 at 4:20 pm to slackster
Reminds me of when Guys at Chrysler were working 7 days, 12 hour shifts. Getting Shift premium and making major bank.
They went out and bought their wives a 40K Town n Country minivan, spent 50K on a Ram, lifted and jacked up, and then 7 months later, we went back to 40 hours a week and they were broke, and begging for hours.
U work in a volatile work place, u know the risks.
They went out and bought their wives a 40K Town n Country minivan, spent 50K on a Ram, lifted and jacked up, and then 7 months later, we went back to 40 hours a week and they were broke, and begging for hours.
U work in a volatile work place, u know the risks.
Posted on 4/4/16 at 4:21 pm to Tigermite
quote:they don't want sympathy, they want us to pay more to subsidize their lifestyle
sympathy to begin with
Posted on 4/4/16 at 4:24 pm to Jcorye1
quote:
it's also tough to get mad at the people celebrating having to pay less for a good everyone uses
I agree, however it is always interesting to me that oil is the one commodity that everyone focuses on, from a cost standpoint. There are plenty that consumers are being gouged on, and it can be tied back to fuel prices. However, I doubt you see those prices fall even with oil down.
Posted on 4/4/16 at 4:27 pm to GreatLakesTiger24
When Gas is cheap, I can afford to take my boat out more often,so we will also spend money on drinks,ice,sandwich stuff,fishing stuff,etc..It's good for the local business,because a lot more people will do the same thing. Same for using my camper,4 wheeler,going to the shooting range,all kinds of things that I enjoy doing. High gas prices have put a damper on my fun for the past few years.
Low fuel prices will help small business in general and especially those that are linked to outdoor activities in any way. High fuel prices only help big business and the people that are linked to the industry.
Of course,this stuff runs in a cycle,and high fuel prices will be back again eventually,and the oilfields will be cranking up again and my boat will stay under the shed.
Low fuel prices will help small business in general and especially those that are linked to outdoor activities in any way. High fuel prices only help big business and the people that are linked to the industry.
Of course,this stuff runs in a cycle,and high fuel prices will be back again eventually,and the oilfields will be cranking up again and my boat will stay under the shed.
Posted on 4/4/16 at 4:33 pm to bamarep
quote:
unemployment rate for 2014 was 6.3%. The rate for last month was 6.6%. That's not necessarily flooding the rolls with unemployed people.
quote:
bamarep
Don't trust the Louisiana Unemployment Rate from 2008-2014.
Bobby Jindal - Governor
Not suggesting outright manipulation by any stretch. But there are issues with those numbers that came from the La Workforce Commission.
This post was edited on 4/4/16 at 4:35 pm
Posted on 4/4/16 at 4:45 pm to GFunk
Money Board.
Posted on 4/4/16 at 4:57 pm to GreatLakesTiger24
quote:
Goldman Sachs: Why $30 Oil is 'Too Much of a Good Thing' for the U.S. Economy
What I take from this is that Ted Cruz's wife wants us to pay more at the pump.
Posted on 4/4/16 at 4:57 pm to bamarep
quote:
When most goods and services are cheaper because transportation costs are down, that's a good thing.
I would love to see how many goods and services have dropped with gas after raising with the price of gas. My bet is that it's an extremely low percentage. Not seeing any significant change in my grocery bill that has me saying, "glad oil is down so I can save money!" Only thing that is down is fueling up my truck and boat, and it's not that big of a deal to where I couldn't partake in my hobbies with oil and gas up.
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