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Oil prices drop lower..

Oil prices drop lower..

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by: green516 Active Indicator LED Icon  OP 
~ 8 years ago   Aug 13, '15 10:59am  
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yankeejessica Active Indicator LED Icon 12
~ 8 years ago   Aug 13, '15 11:02am  
Crap....thus can't be good.. 4951
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BooBear Active Indicator LED Icon 16
~ 8 years ago   Aug 13, '15 11:03am  
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Maisey1 Active Indicator LED Icon 9
~ 8 years ago   Aug 13, '15 11:12am  
Now that I have a husband that works in oil and gas these lower oil prices aren't such a good thing for us. Never in my life did I think I would be disappointed by falling gas prices. 4951
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rugburn Active Indicator LED Icon 1
~ 8 years ago   Aug 13, '15 11:14am  
For those in the business, it sure is a double edged sword. 4951
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green516 Active Indicator LED Icon  OP 
~ 8 years ago   Aug 13, '15 11:19am  
I am in the business. Nice to fill up my gas tank for $36 but no good for my job security or pay. :/ 4951
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WJo Active Indicator LED Icon 13
~ 8 years ago   Aug 13, '15 1:01pm  
gas is $2.40 a gallon here in Ky. & still dropping ...... 4951
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QueenB Active Indicator LED Icon 16
~ 8 years ago   Aug 13, '15 1:07pm  
I believe we will see gas under $2/gallon by the end of the year. Not good for our friends in the oil and gas business for sure.  4951
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DVaz Active Indicator LED Icon 8
~ 8 years ago   Aug 13, '15 1:09pm  
I believe we will see gas under $2/gallon by the end of the year. Not good for our friends in the oil and gas business for sure. 
 
@QueenB:
 
Maybe they shouldn't have put all their eggs in one basket and learned another trade. 4951
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QueenB Active Indicator LED Icon 16
~ 8 years ago   Aug 13, '15 1:11pm  
Maybe they shouldn't have put all their eggs in one basket and learned another trade.
 
@DVaz: Do most people have more than one trade?
4951
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DVaz Active Indicator LED Icon 8
~ 8 years ago   Aug 13, '15 1:21pm  

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>> Maybe they shouldn't have put all their eggs in one basket and learned another trade.
 
@DVaz: Do most people have more than one trade?
 
@QueenB:
 
Were they so delusional to think it would last? Yeah, that big money was enticing, but you can't rely on something such as the oil markets. 4951
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Chrisinkingwood Active Indicator LED Icon 8
~ 8 years ago   Aug 13, '15 1:23pm  
I believe we will see gas under $2/gallon by the end of the year. Not good for our friends in the oil and gas business for sure. 
 
@QueenB: Actually it is really helping business for my wife's company. They have a software application used by most of the big oil & gas companies that tracks contract labor during turn around projects where there are lots of contract workers and rented machinery. Because it saves the clients money they are getting a lot more work!  But I know that is not the norm.
4951
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yankeejessica Active Indicator LED Icon 12
~ 8 years ago   Aug 13, '15 1:30pm  

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>>
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>> Maybe they shouldn't have put all their eggs in one basket and learned another trade.
 
@DVaz: Do most people have more than one trade?
 
@QueenB:
 
Were they so delusional to think it would last? Yeah, that big money was enticing, but you can't rely on something such as the oil markets.
 
@DVaz:
 
We are an oil and gas family. It's been busy for years until just recently when gas prices started to fall. When the hell was a g & o worker supposed to have time to gain another trade?!??! Please enlighten me with your opinion. My husband works 60+ hours a week making sure the pipe that brings in that oil and gas makes it in a timely manner.we know all to we'll that there are ups and downs but thousands of people are daily losing their jobs. 4951
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Chrisinkingwood Active Indicator LED Icon 8
~ 8 years ago   Aug 13, '15 1:33pm  
One more thing to add is that in the end those at the top of big oil will pull through. The CEO's and higher ups will still get a paycheck but their will continue to be more layoffs at the lower end. Also the companies who sunk a lot of money into fracking and other expensive means for extracting oil will really be in trouble, we've already seen a few go into bankruptcy.  The Saudi's figured out it's better to sell oil at a low cost than to not have any customers because you hold out for the higher prices. "Drill baby drill" was a nice slogan but in the end it really couldn't have had much to with all the other factors that play into it. 4951
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QueenB Active Indicator LED Icon 16
~ 8 years ago   Aug 13, '15 1:33pm  
Actually it is really helping business for my wife's company.
 
@Chrisinkingwood: Isn't that how it goes with most anything....things change and it helps some folks and hurts some folks. It's good that y'all are on the helping side! Emoticon
4951
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QueenB Active Indicator LED Icon 16
~ 8 years ago   Aug 13, '15 1:35pm  
you can't rely on something such as the oil markets.
 
@DVaz: Very few things in life can be relied upon. The oil and gas people are on the downside for now but that won't last forever. 
4951
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