Yea. Can't believe it. I remember $0.18/gal. 72-73' before the gas shortage...........
I like these prices
- Thread starter Chism G
- Start date
Yea. Can't believe it. I remember $0.18/gal. 72-73' before the gas shortage...........
Interesting, however not particularly accurate.
First off the Saudis and Russia are dating again and although this is painful to Russia, Saudi Arabia is talking about a major arms deal to cushion the blow, especially after our fearless leader embarassed them by backing away from a joint effort on Syria that they learned about on the news rather than gettin a heads up from that useless Easter Island head secretary Kerry.
They continue to pump and deflate prices primarily aimed squarly at the US energy effort, much of which is fairly highly levered. A lot of US energy debt has dropped like a stone and there will be "some" defaults and a lot of restructuring.
It won't stop it but it sure will slow it the hell down.
This is why big bank stocks have been down...... Everybody is worried who might have too much energy debt exposure.
Dusty Stevens
Hollow Point Dispenser
These low oil prices just caused a major job provider to let go every employee in the state except 11 for now. The current administration's policies toward drilling and fracking have caused one of my house's value to get cut in half overnite last week. SWN energy is the company. Usually i watch the railroad- its a precursor to whats to come in the economy. Im one of the hundreds laid off from union pacific just in little rock. Check their stock price over the last year.
No love for BHO but unfortunately it's not them. A colapse in global energy prices and commodity prices. Usually moved by rail, it ain't pretty.
jackie schmidt
New member
There is another side to it.
Since oil is so cheap, major chemical companies and other manufacturers that use a lot of crude in the manufacturing of other non energy related products are booming. Our major customers, the Tow Boat And Barge Transportation Companies, are busy as ever.
If that traffic starts to wain, and they start tieing up boats, that is when things will get really bad.
We have had quite a few people coming by our shop since the New Year looking for work. I go by the assumption that the bottom can fall out at any time. I remember that big recession of the early 1980's that devastated the Marine Industry. It seems nobody knew what happenned, or knew how to keep it from happening again. It was like someone walked into a room, saw a big switch, and reached up and turned everything off.
Since oil is so cheap, major chemical companies and other manufacturers that use a lot of crude in the manufacturing of other non energy related products are booming. Our major customers, the Tow Boat And Barge Transportation Companies, are busy as ever.
If that traffic starts to wain, and they start tieing up boats, that is when things will get really bad.
We have had quite a few people coming by our shop since the New Year looking for work. I go by the assumption that the bottom can fall out at any time. I remember that big recession of the early 1980's that devastated the Marine Industry. It seems nobody knew what happenned, or knew how to keep it from happening again. It was like someone walked into a room, saw a big switch, and reached up and turned everything off.
C
CMaier
Guest
That is a funny one joe...some one was full of it!
On basically fixed income, prices going down is a good thing.
You want to invest ? invest in true prescious metals...BUY GUNS.
Once a month buy a new name brand gun and put it away in the box.
When was the last time you saw gun prices go down ?
When you retire, sell them when you need cash...no taxes!,
Tthe only winners in the stack market are the commisioned emplyees.
On basically fixed income, prices going down is a good thing.
You want to invest ? invest in true prescious metals...BUY GUNS.
Once a month buy a new name brand gun and put it away in the box.
When was the last time you saw gun prices go down ?
When you retire, sell them when you need cash...no taxes!,
Tthe only winners in the stack market are the commisioned emplyees.
Wait till its time to go shooting, the prices will double again. But doesn't it make scents the more gallons of gas, that you sell you would still be making money. Its like going into two different Gun Shops one wants $30 a pound for powder and the other wants $25 Who will sell the most powder?
Joe Salt
Joe Salt