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General Discussion (Everything Else) Discuss anything that doesn't belong in any other forums here. |
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#1
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Why is it that..
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#2
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Oil has always been volatile. The wise oil hand saves for the low times. Most don't though.
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#3
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Yes you are right. From the very beginning of oil discovery. Most I know have their savings in 401k because of no more pensions. None of that savings is available to them. If the worst happens, I have maybe 6 months, but that will probably not be enough to wait out the bust. That wasn't the point of the question though. I think we have a government that is complicit in destroying the oil business which is why this one is probably going to be deeper and longer than anyone can remember. More than oil hands are going to get hurt.
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#4
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I don't understand ur reliance on the government. The oil business, like all business in this country, is a free enterprise.
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#5
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Quote:
Back to op it's because they feel oil is bad, and feel everyone should be green because they thing it's the right thing for you. Yes oil will always violate as long as US oil is on the global market, to many other countries with way less to no reg. On drilling/production so it's way cheaper. |
#6
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thank everybody who voted for that treasonous president and his minions.
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#7
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Because oil has been artificially too high for too long. This caused a huge boom and world wide supplies have sky rocketed. US production is at a all time high. There is simply too much oil being produced right now. Its simple supply and demand.
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#8
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Because outside of us in the oil industry, I have 19 years in, the rest of the country loves these low oil prices.
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#9
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Quote:
There is a medium where everyone can prosper and see a reasonable price at the pump. |
#10
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Yep. Yeah it's great to fill up with the prices we have now but I'll gladly pay a little more if that means my oil field friends get to keep their jobs.
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#11
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couldn't agree more and...........
........Most peeps blame "big oil" when the price is high, but from what I've read, their profit margin is low compared to what we have to pay for the fuel taxes paid to the state and the feds.
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