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Oil prices plunge again today to 51.18

Posted on 12/14/18 at 11:12 am
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
30070 posts
Posted on 12/14/18 at 11:12 am
Louisiana budget is fricked thanks to these idiots tying it to the price of a barrel of oil. Those nitwits tied the budget to $60 dollars a barrel.

On the flip side I'm okay with this because it will force the state to balance the budget in the next Governors race. The projections of oil hitting $43 a barrel after the first of the year though could have a devastating impact on Louisiana.
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
39721 posts
Posted on 12/14/18 at 11:13 am to
Truck Nut Sales [Off] On
Posted by danilo
Member since Nov 2008
26303 posts
Posted on 12/14/18 at 11:15 am to
Good thing Louisiana has diversified its economy
Posted by Tyga Woods
South Central Jupiter Island, FL
Member since Sep 2016
42889 posts
Posted on 12/14/18 at 11:15 am to
Awesome. I’m gonna fill up the rover and just drive in circles all weekend!
Posted by Saskwatch
Member since Feb 2016
18360 posts
Posted on 12/14/18 at 11:16 am to
quote:

Oil prices plunge again today to 51.18




Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43530 posts
Posted on 12/14/18 at 11:16 am to
93 was 2.35 here in North Dallas
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
76771 posts
Posted on 12/14/18 at 11:17 am to
before long they'll paying you to get gas. !
Posted by Harry Caray
Denial
Member since Aug 2009
21045 posts
Posted on 12/14/18 at 11:20 am to
quote:

On the flip side I'm okay with this because it will force the state to balance the budget in the next Governors race.
This will end well I'm sure
Posted by dfintlyHmmrd
Jigga City
Member since Dec 2016
1408 posts
Posted on 12/14/18 at 11:20 am to
This makes me regret the 84 month note I took out Idk how I'm gonna get Kahner to his baseball tourneys all over the place now.
This post was edited on 12/14/18 at 11:22 am
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
30070 posts
Posted on 12/14/18 at 11:21 am to
Costco was selling unleaded today for $1.65
Posted by el Gaucho
He/They
Member since Dec 2010
60078 posts
Posted on 12/14/18 at 11:22 am to
I don’t know if I’m gonna be able to make my boat payment this month
Posted by wheelr
New Iberia
Member since Jul 2012
6221 posts
Posted on 12/14/18 at 11:22 am to
quote:

93 was 2.35 here in North Dallas


$2.17 at Costco in Lafayette.

It was around $2.70 just a few weeks ago.
Posted by Paul Redeker
Member since Jan 2013
248 posts
Posted on 12/14/18 at 11:22 am to


It's been bouncing between $50-$53 since ~Nov 23. This plunge is not really indicative of much.
This post was edited on 12/14/18 at 11:24 am
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 12/14/18 at 11:26 am to

And a looming government shutdown. Thank God the children of LA have well run churches to assist them this time of year.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
30070 posts
Posted on 12/14/18 at 11:27 am to
Oil falls on China economic data, output cuts support

Oil prices fell on Friday after China reported slower economic growth, pointing to lower fuel demand in the world's biggest oil importer, although market sentiment was supported by supply cuts agreed last week by major crude producers.

China, the world's No.2 economy, on Friday reported some of its slowest growth in retail sales and industrial output in years, highlighting the risks of its trade dispute with the United States.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 12/14/18 at 11:28 am to
quote:

Those nitwits tied the budget to $60 dollars a barrel.



It was only 90 days ago that some people predicted near $100 a barrel. That's why it's stupid to tie your entire economy to a highly volatile commodity
Posted by Master_yoda88
Sweden
Member since Jul 2018
784 posts
Posted on 12/14/18 at 11:30 am to
Louisiana will always be a joke in comparison to other states. Other states laugh at La today, tomorrow, and yesterday. We a have a clown show administration from the state level down to all local levels. None of those dipshits have any business being in office. They are in these positions because they take advantage of the poor and uneducated and they know how to cater to them. They are not worried about our traffic problem, they are worried about keeping the unemployed... unemployed.
This post was edited on 12/14/18 at 11:32 am
Posted by Saskwatch
Member since Feb 2016
18360 posts
Posted on 12/14/18 at 11:32 am to
quote:

they are worried about keeping the unemployed... unemployed


Is that really a big concern of theirs? Doesn't that kind of take care of itself.

Posted by Master_yoda88
Sweden
Member since Jul 2018
784 posts
Posted on 12/14/18 at 11:34 am to
When the government gives you phones, cars, housing, and food stamps; who is taking care of who in this situation?
This post was edited on 12/14/18 at 11:34 am
Posted by GetBackToWork
Member since Dec 2007
6602 posts
Posted on 12/14/18 at 11:40 am to
Electing Edwards again in '83 put us on this path. We chose the Alario, Nunez, bloated government, casino corruption payoff path while Texas and Georgia were doing work laying the foundation for massive growth in the 90's and early 2000's.
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