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re: Oil dive deepens to 12-year low; could hit $20 on China fears
Posted on 1/11/16 at 8:58 pm to saintforlife
Posted on 1/11/16 at 8:58 pm to saintforlife
I applied for an open position within my company today that is based in Dubai. It's time for me to move to a more stable market.
1
Posted on 1/11/16 at 8:59 pm to stout
Good to know. Don't have a ton of knowledge of that area, I know they had a GTL facility they were building, but current margins are going to kill any profits of that venture.
No doubt Shell saw this coming when they pulled out of their GTL last year.
No doubt Shell saw this coming when they pulled out of their GTL last year.
Posted on 1/11/16 at 9:00 pm to redstick13
quote:
I applied for an open position within my company today that is based in Dubai. It's time for me to move to a more stable market.
More stable than SELA, but no doubt they are hurting. Did you see the record deficits they are reporting over there...wow.
Posted on 1/11/16 at 9:02 pm to JEAUXBLEAUX
Oil price is currently sitting at $30.93. We should definitely see the 20's this week.
Have been told by supervisors that it wouldn't hurt to look for other jobs. Not looking good.
Have been told by supervisors that it wouldn't hurt to look for other jobs. Not looking good.
This post was edited on 1/11/16 at 9:06 pm
Posted on 1/11/16 at 9:04 pm to buckeye_vol
quote:
It sucks for the people who are negatively impacted by this, but for the average consumer, and most other industries that use gasoline, lower oil prices is a net positive.
Countries like China buy American bonds and float our economy. If they tank, we tank.
Posted on 1/11/16 at 9:05 pm to stout
quote:
You're telling me shite I know. I have been in RE since '01 and went through '07 and '08 first hand with a lot invested in specs and flips.
Congrats on your success in RE and infinite wisdom in the field.
quote:
I was just stating that it will get bad in certain areas along the gulf coast and has already started.
Agreed.
Posted on 1/11/16 at 9:05 pm to Revelator
Good thing is we decided to sell our domestic oil to them so they can refine it for pennies on the dollar and send it back even cheaper.
Posted on 1/11/16 at 9:06 pm to AndyCBR
quote:
Congrats on your success in RE and infinite wisdom in the field.
Just saving you some time on trying to educate us all on the sub prime crash, professor.
Posted on 1/11/16 at 9:06 pm to Revelator
quote:
Countries like China buy American bonds and float our economy. If they tank, we tank.
Hope much of American debt do you think China owns? Ballpark best you can, percentage wise.
This post was edited on 1/11/16 at 9:08 pm
Posted on 1/11/16 at 9:06 pm to fightin tigers
quote:
More stable than SELA, but no doubt they are hurting. Did you see the record deficits they are reporting over there...wow.
I would only be based in Dubai. The job would have me traveling around the ME region. Activity is very high in the region.
Posted on 1/11/16 at 9:09 pm to stout
quote:
Just saving you some time on trying to educate us all on the sub prime crash, professor.
People in RE can be slow learners....
Posted on 1/11/16 at 9:09 pm to Revelator
quote:Well Japan owns more bonds than China and they've been in a decades long recession.
Countries like China buy American bonds and float our economy. If they tank, we tank.
Regardless, I'm not sure why low oil prices are going to sink the world economy. Most of the world benefits from lower oil prices.
Posted on 1/11/16 at 9:10 pm to yellowfin
Back when Obama and Ryan were hiding all that trade legislation from the public, didn't they tell us all that it would make the US stronger with regard to trade and dealing with outside market influences and such?
Posted on 1/11/16 at 9:11 pm to redstick13
quote:
I would only be based in Dubai. The job would have me traveling around the ME region. Activity is very high in the region.
yep, still adding both rigs and peeps here.
Posted on 1/11/16 at 9:13 pm to Crawdaddy
quote:
So when will all the high prices due to oil finally come down? Like groceries, services that rely on fuel, etc.
Cost push inflation is largely overstated
Posted on 1/11/16 at 9:14 pm to buckeye_vol
I don't know where you live, but if you live in La. low oil prices are not good.
Posted on 1/11/16 at 9:15 pm to genuineLSUtiger
quote:
Love cheap gas. Keep dropping baby!
Jesus people this stupid should be shot in the streets troll or no troll.
Posted on 1/11/16 at 9:20 pm to Revelator
quote:
I don't know where you live
He's in Ohio which is a large steel area. What happens with China is probably a larger concern for him than oil prices.
Posted on 1/11/16 at 9:22 pm to gatorrocks
quote:
Our economy runs on the backs of 18 wheelers and planes.
This could not be anymore incorrect. For the 18 wheelers to utilize cheap gas the other companies have to have money to pay them to ship whatever commodity it is. Right now you have a stalemate that the normal new truck purchasers can't afford new trucks and used truck purchasers can't afford used. None of them can afford to maintain upkeep on outdated equipment. You can figure out what that means.
Posted on 1/11/16 at 9:22 pm to jlu03
quote:
Oil price is currently sitting at $30.93. We should definitely see the 20's this week.
Have been told by supervisors that it wouldn't hurt to look for other jobs. Not looking good.
Lucky for you, your idol Obama is going to make your credit report and job history part of the background check to get a firearm.
Getting fired and not paying your bills due to no paycheck is not going to look good for you.
But, it's just an extra depth to the background check and all that, so no big deal, right?
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