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Joined: Dec 2013
Posts: 14,803
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 14,803 |
Cheap gas is good for the economy as a whole. I too think high gas had a lot to do with the crash.
So, really in the grand scheme of things, who cares if it puts some of our small producers out of business? When they all die out and oil goes up again, they'll be back. Oil has always been an up and down business. I know guys who have been multi-millionaires and flat busted (worse than that really as that they were in a lot of debt) several different times in the oil bidness.
In the grand scheme of things $2 gas for about five years would do more for the economy than anything the Republicans, Democrats, or anyone else could ever do. From CNN: "Some companies won't survive the oil meltdown" see: http://money.cnn.com/2014/12/16/investing/oil-fall-shale-impact/index.html?iid=HP_LN So, just more of the government propaganda that keeps telling us that inflation is a good thing and that the real buggabear for the economy is deflation. Of course, it neglects to tell you that government is dependent on easy money and inflation in order to inflate its way out of the debt, no matter how such a course hurts the average rank and file American.
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Joined: Jan 2006
Posts: 21,810
Campfire Ranger
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Campfire Ranger
Joined: Jan 2006
Posts: 21,810 |
We are adding two rigs next month, just in my area, from 7-9. I have read that our ability to refine crud is also an issue. If gas is cheaper, people will use more of it--spreading the money saved among other sectors of the economy. Does the U.S. have the ability keep up with demand (refineries)? "Does the U.S. have the ability keep up with demand (refineries)? " The US (refining industry) has traditionally run its refineries at very near full capacity (generally in the 90+% range); therefore there is only a slim reserve capacity. If demand peaks rapidly, the only way to get refined produce is by importing it. see: http://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm
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Joined: Jul 2003
Posts: 5,749
Campfire Tracker
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Campfire Tracker
Joined: Jul 2003
Posts: 5,749 |
$2.10 in South GA. I'm taking a Christmas trip. I actually have money to spend on something other than fuel. Hope the economy can survive. 
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Joined: Jul 2003
Posts: 5,749
Campfire Tracker
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Campfire Tracker
Joined: Jul 2003
Posts: 5,749 |
Cheap gas is good for the economy as a whole. I too think high gas had a lot to do with the crash.
So, really in the grand scheme of things, who cares if it puts some of our small producers out of business? When they all die out and oil goes up again, they'll be back. Oil has always been an up and down business. I know guys who have been multi-millionaires and flat busted (worse than that really as that they were in a lot of debt) several different times in the oil bidness.
In the grand scheme of things $2 gas for about five years would do more for the economy than anything the Republicans, Democrats, or anyone else could ever do. From CNN: "Some companies won't survive the oil meltdown" see: http://money.cnn.com/2014/12/16/investing/oil-fall-shale-impact/index.html?iid=HP_LN And others will emerge and thrive. Wealth is a closed loop, eventually it finds other avenues back to the source.
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Joined: Jul 2003
Posts: 5,749
Campfire Tracker
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Campfire Tracker
Joined: Jul 2003
Posts: 5,749 |
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Joined: Nov 2002
Posts: 33,709
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,709 |
Curious. Anyone here invest in big oil?
Conduct is the best proof of character.
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Joined: Sep 2009
Posts: 130
Campfire Member
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Campfire Member
Joined: Sep 2009
Posts: 130 |
Curious. Anyone here invest in big oil? Big Oil ????? I usually work for Little Oil, what about us !!???!!!??
Enlisted Men are Stupid, but Extremely Sly and Cunning, and bear Considerable Watching.
US Army Officers Manual of 1894
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