Its Comming down OIL!
- Thread starter stevethelondoner
- Start date
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One man's "sweet" is another man's "sour".
Here in south Texas, for the last few years as prices got above $2.50 a gallon, the oil & gas business got back into full swing with huge employment and re-institution of a lot of oilfield support business, boosting the entire local economy.
I had no issues paying $2.50, even $2.75 a gallon. Then came $3 and $4 a gallon gas, TOTALLY uncalled-for. It didn't improve our economy one degree more, created no new jobs, and didn't lift anyone else high enough to re-open any additional businesses.
All it did was enrich OPEC, a half-handful of U.S. & allied oil barons, and a chain of greedy speculators from one end of the globe to the other.
Now that it's fallen below $2.50 a gallon, we're ALREADY seeing job cuts and business closures, as that seems to be the "magic number" below which domestic producers can't make any money. A tiny handful of small operations will go on working to fulfill long-term comittments, but they aren't lining thier nests, that's for sure.
Personally, I like sub $2 a gallon gas, but I kinda feel for these little guys that hire people like my buddy, Eddie, who is an extremely dedicated guy. He now gets to work a shift and a half (at the same salary) to help take up the slack of the other clowns that proved they weren't worth what they were being paid in the "good times".
Ce'st la vie.
Here in south Texas, for the last few years as prices got above $2.50 a gallon, the oil & gas business got back into full swing with huge employment and re-institution of a lot of oilfield support business, boosting the entire local economy.
I had no issues paying $2.50, even $2.75 a gallon. Then came $3 and $4 a gallon gas, TOTALLY uncalled-for. It didn't improve our economy one degree more, created no new jobs, and didn't lift anyone else high enough to re-open any additional businesses.
All it did was enrich OPEC, a half-handful of U.S. & allied oil barons, and a chain of greedy speculators from one end of the globe to the other.
Now that it's fallen below $2.50 a gallon, we're ALREADY seeing job cuts and business closures, as that seems to be the "magic number" below which domestic producers can't make any money. A tiny handful of small operations will go on working to fulfill long-term comittments, but they aren't lining thier nests, that's for sure.
Personally, I like sub $2 a gallon gas, but I kinda feel for these little guys that hire people like my buddy, Eddie, who is an extremely dedicated guy. He now gets to work a shift and a half (at the same salary) to help take up the slack of the other clowns that proved they weren't worth what they were being paid in the "good times".
Ce'st la vie.
That was going to be my comment too; oil is down but unemployment is up.
What kills me is that all we have to do is keep our consumption as low as it was when the price was high and it will stay down. But people won't do that and soon it will go right back up. If there were some way to get the word out and unite everyone to keep thier consumption down we could keep prices reasonable. The internet is the way to do it. We need some people to start those spam-like info emails about this and encourage people to do this. I suppose it's all just a pipe dream, but if somehow people used only what they needed with far less un-necassary consumption we'd have it made. But it's like littering.....everyone knows it's bad, but they think that if they stop doing it thats only one person and won't make a difference. How do you fight that kind of thinking?
Even if you conserve gasoline and the demand goes down, OPEC turns around and decides to cut production to drive the price back up.
Ec[quote author=The Seeker link=topic=2452.msg16899#msg16899 date=1226417114]
Even if you conserve gasoline and the demand goes down, OPEC turns around and decides to cut production to drive the price back up.
[/quote]
Exactly.
Even if you conserve gasoline and the demand goes down, OPEC turns around and decides to cut production to drive the price back up.
[/quote]
Exactly.
Gary
Member
Local regular unleaded is now $1.969 here, but many gasoline stations in my area still want as much as $2.159 for regular unleaded. Diesel is at $2.799.
My last two fill ups in my SUV were under $40.00 and just a couple of months ago all of the retailers had their pumps shutting off at $75.00 on "pay at the pump" credit card transactions, and I would always get cut off before the 23 gallon tank was full.
On the other side, since the election everyone has gone into a Great Depression panic and no one is buying anything but guns and ammunition, and most stores in my area have completely sold out of both. The general attitude is that the beginning of the end has finally arrived.
My last two fill ups in my SUV were under $40.00 and just a couple of months ago all of the retailers had their pumps shutting off at $75.00 on "pay at the pump" credit card transactions, and I would always get cut off before the 23 gallon tank was full.
On the other side, since the election everyone has gone into a Great Depression panic and no one is buying anything but guns and ammunition, and most stores in my area have completely sold out of both. The general attitude is that the beginning of the end has finally arrived.
I have noticed the run on guns and especially ammunition.
I agree that we have reached the beginning of the end; the trouble is, nobody can say how long the bginning will last, how long the middle will last, and how long the end of the end will take to finally finish!
[quote author=grandpaul link=topic=2452.msg16991#msg16991 date=1226457431]
I agree that we have reached the beginning of the end; the trouble is, nobody can say how long the bginning will last, how long the middle will last, and how long the end of the end will take to finally finish!
[/quote]
Wow...spoken like a politician! :ya2:
GP for President of The Republic of Texas!
I agree that we have reached the beginning of the end; the trouble is, nobody can say how long the bginning will last, how long the middle will last, and how long the end of the end will take to finally finish!
[/quote]
Wow...spoken like a politician! :ya2:
GP for President of The Republic of Texas!
I already AM the president of the Republic.
...in fact, I am King of all that I survey.
...in fact, I am King of all that I survey.
[quote author=grandpaul link=topic=2452.msg16994#msg16994 date=1226460667]
I already AM the president of the Republic.
...in fact, I am King of all that I survey.
[/quote]
Hahahaha...CLASSIC!!!
I already AM the president of the Republic.
...in fact, I am King of all that I survey.
[/quote]
Hahahaha...CLASSIC!!!
stevethelondoner
Well-Known Member
Dont get me wrong....people losing jobs I don't like but Gas coming down sure i do. I have a very small business that runs on Gas. When it was getting near the $4 mark it was getting to where do I, or dont I raise prices. catch 22 because ya do to cover cost then people get rid of ya because they cant afford it. The fact its come down has made me breath a bit better. I only have approx 20 lawns that I do while I work towards my pest license, so with that small amount losing one clinet would dig a bit.
Ride Safe
Ride Safe
Steve, you don't need a license to be a pest.
ROFL!
stevethelondoner
Well-Known Member
[quote author=grandpaul link=topic=2452.msg17172#msg17172 date=1226591499]
Steve, you don't need a license to be a pest.
[/quote]
Dam it I didnt know that mate........I'm studying for nothing....hahahaha
Ride Safe mate
Steve, you don't need a license to be a pest.
[/quote]
Dam it I didnt know that mate........I'm studying for nothing....hahahaha
Ride Safe mate
Dschief
Member
[quote author=stevethelondoner link=topic=2452.msg17226#msg17226 date=1226611363]
[quote author=grandpaul link=topic=2452.msg17172#msg17172 date=1226591499]
Steve, you don't need a license to be a pest.
[/quote]
Dam it I didnt know that mate........I'm studying for nothing....hahahaha
Ride Safe mate
[/quote]
That was funny on both counts!
[quote author=grandpaul link=topic=2452.msg17172#msg17172 date=1226591499]
Steve, you don't need a license to be a pest.
[/quote]
Dam it I didnt know that mate........I'm studying for nothing....hahahaha
Ride Safe mate
[/quote]
That was funny on both counts!
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