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$20 Oil No Longer Seen As Good For The Economy
Oilprice.com ^
| 19-01-2016
| austerity hurts no?
Posted on 01/19/2016 11:12:03 AM PST by bananaman22
click here to read article
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To: Night Hides Not
You don’t know what you’re talking about. But that’s okay... it’s a free forum.
21
posted on
01/19/2016 11:29:41 AM PST
by
kjam22
(America needs forgiveness from God..... even if Donald Trump doesn't)
To: kjam22
That's quite a compliment...coming from an Oklahoma Sooner fan...
Sorry, couldn't resist.
I respect your knowledge of the industry, though.
If you were President, what would you do?
22
posted on
01/19/2016 11:34:32 AM PST
by
Night Hides Not
(Remember the Alamo! Remember Goliad! Remember Mississippi! My vote is going to Cruz.)
To: Night Hides Not
Tempting to put tariffs on foreign oil... but not my first choice. Start with tearing up the Iran agreement. Stop the flow of ISIS oil through Turkey that is being sold so cheap. Convince Opec to cut back on production. See where that gets us.
23
posted on
01/19/2016 11:40:52 AM PST
by
kjam22
(America needs forgiveness from God..... even if Donald Trump doesn't)
To: Night Hides Not
Obama is trying to bankrupt Putin and the Soviet Union. If it bankrupts dirty energy producers here, it’s a win win for him. He is placing NO pressure on Opec. In fact, my opinion is he is in bed with the Saudis.
24
posted on
01/19/2016 11:42:22 AM PST
by
kjam22
(America needs forgiveness from God..... even if Donald Trump doesn't)
To: bananaman22
Riiiiiight.
Drink your poison.
25
posted on
01/19/2016 11:44:03 AM PST
by
riri
(Obama's Amerika--Not a fun place.)
To: I want the USA back
No then fracking will just restart again and this nice cycle of low gas prices will just stay in place. Nice for Krugwoman to be worried about the russians and scum in the ME though:-)
26
posted on
01/19/2016 11:44:15 AM PST
by
Harpotoo
To: bananaman22
The oil and gas industry spent $200 billion on drilling, refining, and new equipment in 2013, and the sharp cutback in spending is being felt beyond just the oil patch.Well, we tried to tell people.
27
posted on
01/19/2016 11:45:53 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: jennychase
I can’t buy spit with a Pound Sterling so why should I care!
28
posted on
01/19/2016 11:46:00 AM PST
by
Harpotoo
To: bananaman22
With the Obamacare Employer Mandate, higher Obamacare Penalty and Interest Rates rising, it is good to see anything good for Businesses.
I agree this is exactly what the Dummycrats do not like to see.
To: wbarmy
Saudi isn’t going through austerity, they’re keeping the pipes open to bankrupt our own domestic operations. Anybody that’s ever pushed for domestic drilling AND is happy to see our companies going under had better be wearing a hat, cause they ain’t using the head for else.
30
posted on
01/19/2016 11:46:44 AM PST
by
discostu
(Up-Up-Down-Down-Left-Right-Left-Right B, A, Start)
To: kjam22
The energy industry counts for 20% of the US Economy. Iâm constantly amazed at the number of people who think we can bankrupt that sector and the economy will be great.Well, now we're down to one growth sector.
Government.
31
posted on
01/19/2016 11:47:00 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: kjam22
Good ideas, all...which means Obama will never try them.
Turkey is quite the ally, aren't they? smh
32
posted on
01/19/2016 11:47:01 AM PST
by
Night Hides Not
(Remember the Alamo! Remember Goliad! Remember Mississippi! My vote is going to Cruz.)
To: thackney
You left out fleets of vehicles.
33
posted on
01/19/2016 11:47:44 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: Night Hides Not
34
posted on
01/19/2016 11:48:23 AM PST
by
kjam22
(America needs forgiveness from God..... even if Donald Trump doesn't)
To: bananaman22
I love liberal spin on oil prices. When oil was $100+ liberals were saying how great it was because it shows how great the Obamaconomy has become. Oil is low, it’s because Obama is so brilliant with his oil policy. Now... How do they spin the fact that the smoke and mirrors of the obamaconomy isn’t working anymore and commodities are crashing because the economy is in the toilet...
FUNEMPLOYMENT!!!
To: bananaman22
To: gdani
It's only a matter of time before our "capitalist" country gives that sector (more of) a bailout courtesy of Uncle Sugar.I'm torn on this because energy supplies are a matter of national security. And perhaps it does take occasional government intervention to insure we have control over our supplies of energy, be it oil, coal, whatever. I'm just tired of being beholden to the Arabs to keep a steady supply of energy, we need to be energy independent, to not just create enough energy for us, but also to supply our allies in a crunch.
37
posted on
01/19/2016 11:55:41 AM PST
by
dfwgator
To: bananaman22
There is such a thing as too low, I guess — when hundreds of thousands of jobs depend on it. Dump the requirement for ethanol in gasoline, and the oil companies can increase their sales by 10%
38
posted on
01/19/2016 11:58:31 AM PST
by
smokingfrog
( sleep with one eye open (<o> ---)
To: smokingfrog
Would also lower the price of corn by a hefty amount.
39
posted on
01/19/2016 12:02:49 PM PST
by
Night Hides Not
(Remember the Alamo! Remember Goliad! Remember Mississippi! My vote is going to Cruz.)
To: bananaman22
It works for me.
I spend less on gas and the cost of transporting goods drops, so they are cheaper as well.
That means more money for me to save and spend, if I wish.
My dollar goes further and I am more inclined to make purchases I can now afford.
40
posted on
01/19/2016 12:14:12 PM PST
by
metmom
(...fixing our eyes on Jesus, the Author and Perfecter of our faith...)
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