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'They are hurting right now': The oil patch and has been decimated
Aug 7, 2016 15:22:06 #
Aug 7, 2016 17:45:33 #
dirtpusher wrote:
http://www.businessinsider.com/low-oil-is-affecting-companies-across-americas-2016-8
I wonder how many companies neglected to say {at the end of a sentence which began "Our revenues and profits are up"} "because consumers have more disposable income as a result of lowered spending on fuel" ... most likely they credited their own wonderfulness instead.
Aug 8, 2016 07:06:57 #
dirtpusher wrote:
http://www.businessinsider.com/low-oil-is-affecting-companies-across-americas-2016-8
Very interesting. I live in a Natural Gas patch and this area is going through the same thing. But personally I like the low oil prices.
Mining (Which is what oil drilling is is a fleeting thing, (boom and bust).
Thank you for sharing this article it was greatly informative and good reading.
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Aug 8, 2016 08:15:22 #
Architect1776 wrote:
Very interesting. I live in a Natural Gas patch and this area is going through the same thing. But personally I like the low oil prices.
Mining (Which is what oil drilling is is a fleeting thing, (boom and bust).
Thank you for sharing this article it was greatly informative and good reading.
Mining (Which is what oil drilling is is a fleeting thing, (boom and bust).
Thank you for sharing this article it was greatly informative and good reading.
Recent drawdowns in Gas may indicate a rise in prices.
Aug 8, 2016 08:19:21 #
collhart wrote:
Recent drawdowns in Gas may indicate a rise in prices.
Who knows it all seems out of control.
Aug 8, 2016 09:19:42 #
radiumjohn
Loc: Pulaski, Virginia, USA
I am a geologist who worked as a reservoir engineer in Tulsa in the 1980s. The nice thing about low oil prices was that it made that unemploymentt check go that much further, especially when using that low-priced gasoline.
Aug 8, 2016 09:35:49 #
Here in Michigan, we have probably the biggest gas taxes and worst roads in the country! I don't mind the low oil prices at all. On vacation in July, I was routinely paying 30-40 cents per gallon less in Ohio! The oil companies always seem to find some problem with the distribution center or refinery when prices get too low for the consumer. Gas prices may jump 30 cents per gallon overnight, but it takes a year to come back down to the original price. They are all shysters!
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Aug 8, 2016 12:02:50 #
grillmaster5062 wrote:
Here in Michigan, we have probably the biggest gas taxes and worst roads in the country! I don't mind the low oil prices at all. On vacation in July, I was routinely paying 30-40 cents per gallon less in Ohio! The oil companies always seem to find some problem with the distribution center or refinery when prices get too low for the consumer. Gas prices may jump 30 cents per gallon overnight, but it takes a year to come back down to the original price. They are all shysters!
PA has to be in the top 3 for taxing gas! I think this is the 7th straight year they've raised the turnpike cost as well! And our roads suck!
Andy
Aug 8, 2016 12:30:11 #
collhart wrote:
Recent drawdowns in Gas may indicate a rise in prices.
I should have said, natural gas
Aug 8, 2016 13:49:24 #
AndyCE wrote:
PA has to be in the top 3 for taxing gas! I think this is the 7th straight year they've raised the turnpike cost as well! And our roads suck!
Andy
Andy
Agreed, I fill up on the New Jersey border coming home. Much cheaper gas and it is pumped for you.
Aug 8, 2016 14:27:29 #
AndyCE wrote:
PA has to be in the top 3 for taxing gas!
Architect1776 wrote:
Agreed, I fill up on the New Jersey border coming home. Much cheaper gas and it is pumped for you.
Yes, we used to drive across I-80 several times a year {my in-laws lived in Brooklyn NY}, and we always fueled at Columbia NJ just before we crossed the Delaware Water Gap into PA.
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Aug 8, 2016 15:38:42 #
rehess wrote:
Yes, we used to drive across I-80 several times a year {my in-laws lived in Brooklyn NY}, and we always fueled at Columbia NJ just before we crossed the Delaware Water Gap into PA.
Doesn't N.J. have big refinery's?
Aug 8, 2016 17:04:59 #
rehess wrote:
Yes, we used to drive across I-80 several times a year {my in-laws lived in Brooklyn NY}, and we always fueled at Columbia NJ just before we crossed the Delaware Water Gap into PA.
There's a Mc Donalds there too to fill up on as well
Aug 8, 2016 17:31:31 #
dirtpusher wrote:
http://www.businessinsider.com/low-oil-is-affecting-companies-across-americas-2016-8
I have a newsflash, that nobody as never heard of. THINGS RUN IN CYCLES. Prices go up and prices go down. And then they go up. The only reason that we are not energy independant. is that the last 3 or 4 presidents didn't have the balls to make it happen. They were bought by the foriegn energy lobbys. The only hope for energy independance is Trump. Hillary is owned by the foriegn oil cartels. O Please don't give me the global warming nonesence. If the US ended ALL use of fossil fuels tomorrow, the worldwide CO2 level would not drop by 1 %. It would drop from 385 PPM to 380
Aug 8, 2016 17:39:49 #
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