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Message
re: The wonderful trickle down effect of low O/G prices
Posted on 2/15/16 at 10:21 pm to CharlesLSU
Posted on 2/15/16 at 10:21 pm to CharlesLSU
quote:
economics is not your strong suit I see
cheap oil is a good thing for the consumer, and it is a great thing for the shipping industry.
Countries that are highly dependent on the oil industry like Canada, and Russia are having issues due to prices.
The US which has a much smaller percentage of its GDP dependent on oil is doing very well as a whole even though the oil industry is suffering here.
so, youre wrong, most people in the states, to date, are actually benefiting from the cheap oil
1
Posted on 2/15/16 at 10:22 pm to sneakytiger
the plastic bottles are though... 
Posted on 2/15/16 at 10:25 pm to CharlesLSU
quote:
O&G suffering helps no one as a whole.....paint it any way you want it.
I'm not so sure. The economic downturn in the mid to late 2000s was coupled with extraoridnarily high oil and gas prices. Everything was more expensive. In the example I used in the OP, it wasn't too long ago 12 packs of Coke were more than $5 a piece. For the average consumer, that adds up. In addition to saving money on every day products thanks to reduced shipping and freight costs, when you go from spending $100 to fill up your tank, to less than $40, you're going to be able to put that extra $60 back into the economy by buying other products. Small businesses especially benefit. Low gas prices benefit everyone but the people in the O&G industry.
This post was edited on 2/15/16 at 10:27 pm
Posted on 2/15/16 at 10:26 pm to TigersHuskers
quote:
the economy is fine here in Nebraska, as is infrastructure and we dont rely on oil like you in the south do
no single region relies on the same industries.....
so, when the steel industry suffers, do you bask in Nebraska's steel-free economy?
When corn and other agricultural industries tank, should the rest of the country not agribusiness-based not give a frick or chastise you for not investing in steel.
Besides, geography does play a role in a regions economy.
Posted on 2/15/16 at 10:29 pm to CharlesLSU
quote:
When corn and other agricultural industries tank, should the rest of the country not agribusiness-based not give a frick or chastise you for not investing in steel.
corn and other grain products had their prices tank this past harvest season, and you didnt hear people from out here bitching and moaning the way that the oilfield baws are in your area. They also didnt piss all their money away on useless shite like F250's and four wheelers.
This post was edited on 2/15/16 at 10:30 pm
Posted on 2/15/16 at 10:29 pm to CharlesLSU
The problem with that example is that O&G prices impact everything. Gas costs get passed down to the consumers. When it costs your company $4/gal to ship your product 1,200 miles on a truck that gets 5mpg - you can bet the product company isn't just going to eat that cost. Prices on everything go up.
Posted on 2/15/16 at 10:32 pm to TigersHuskers
quote:
corn and other grain products had their prices tank this past harvest season, and you didnt hear people from out here bitching and moaning the way that the oilfield baws are in your area.
Well no, the federal government will just prop up your economy like it has done for decades.
Posted on 2/15/16 at 10:34 pm to TigersHuskers
quote:
you didnt hear people from out here bitching and moaning the way that the oilfield baws are in your area. They also didnt piss all their money away on useless shite like F250's and four wheelers
first, its because I didn't seek out Nebraska chat rooms......
secondly, the people that I know don't drive F250 and aren't baws.....they're highly skilled Petroleum Engineers, Geologists, service industry business owners. Many of these folks saved and invested well; therefore, they can keep their homes for now and ride it out.
I get the obnoxious asshats are easy to laugh at now, but the industry is much bigger than baws.
Posted on 2/15/16 at 10:34 pm to CapperVin
quote:
how about your retirement accounts going to shite.
Please show me a chart where gas prices and the Dow Jones Industrial Average are historically inversely proportional.
TIA.
Posted on 2/15/16 at 10:36 pm to rocket31
quote:
cheap oil is a good thing for the consumer, and it is a great thing for the shipping industry. Countries that are highly dependent on the oil industry like Canada, and Russia are having issues due to prices. The US which has a much smaller percentage of its GDP dependent on oil is doing very well as a whole even though the oil industry is suffering here. so, youre wrong, most people in the states, to date, are actually benefiting from the cheap oil
I get that, but my concern is the southern portion of the US......where I live. Most of the folks here poking fun are in said southern areas, hence my comment on it affecting everyone.
Posted on 2/15/16 at 10:41 pm to East Coast Band
quote:
Please show me a chart where gas prices and the Dow Jones Industrial Average are historically inversely proportional
no kidding
overall, American stock market does generally rise as oil falls.
its a sad reality that certain states (e.g. Texas, Louisiana, Oklahoma, Alaska) will do badly with lower oil prices even if most companies and most of the US population are doing better.
Posted on 2/15/16 at 11:36 pm to fightin tigers
quote:
Maybe everything was a large jump. La did a ton to attract new business. It was recognized nationwide.
It still is. Just don't the internet "experts" of TD. It is either sunshine city or the sky is falling. In fact I heard the DSMVI was going to have a new type of bipolar disorder. It will be bipolar disorder 3 aka the Louisiana disease.
Posted on 2/16/16 at 5:17 am to SpiderY2Bannana
quote:
Then where are they? Name these diversified businesses moving/ itching to move into this state.
Why is the unemployment rate so high? Why is there, what, one, fortune 500 company in the state? Why do college graduates still leave for Houston and Dallas? Need I go on?
You can't just say "hey all major corporations, we'd like you to work in LA now, thanks" and they poor in. It's a long process. And when we have several threads about cutting colleges (and I'm not against that just showingot some of our obstacles) on this site alone, you think the educational capital is going to exist to provide enough competent employees for a bunch of major corporations? LA's infrastructure is just horrible. We needed to start investing in the state properly 30+ years ago to compete with places like Texas if you want to bring in random big business. Louisiana was starting with some tech companies in NOLA, but you still needed oil to keep the budget afloat until major roots grew. I just love how people think you diversify at the drop of a hat.
Posted on 2/16/16 at 5:31 am to Tuscaloosa
quote:
What about for the baws that live in hippy states like Colorado?
Colorado is a huge oil and gas state. We've basically shut down there and let go 50+ hands
Posted on 2/16/16 at 5:38 am to TigersHuskers
quote:
corn and other grain products had their prices tank this past harvest season, and you didnt hear people from out here bitching and moaning the way that the oilfield baws are in your area. They also didnt piss all their money away on useless shite like F250's and four wheelers.
Yes they did actually. Nobody bitches and moans like farmers. I'm not even gonna talk about farmer welfare/subsidies
Posted on 2/16/16 at 5:38 am to ShaneTheLegLechler
quote:
US airlines raise fares an average of $3- Jan 2016
But the evil greedy oil companies
Came to post this. Once again rocket outs himself as a frickwit.
Posted on 2/16/16 at 5:59 am to rocket31
quote:
quote:
Please show me a chart where gas prices and the Dow Jones Industrial Average are historically inversely proportional
I won't say historically but over the last year and a half to two years they have moved in tandem almost exclusively. Of course oil has fallen a lot more but there were very few days where oil went up and the market went down or vice versa.
This post was edited on 2/16/16 at 6:04 am
Posted on 2/16/16 at 6:04 am to jrodLSUke
How did you go about finding and buying it? I've been looking
Posted on 2/16/16 at 6:10 am to rocket31
quote:
ghts are cheaper, more people are travelling
Where are flights cheaper? Airlines are making record profits and have acknowledged they are not passing on the savings to the customers from lower fuel prices.
Posted on 2/16/16 at 6:13 am to Tuscaloosa
When O&G starts bitching about interest rates being too low, I'll start bitching about gas being too low
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