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Texas Is Freaking Out About The Oil Crash
http://www.businessinsider.com/dallas-fed-manufacturing-december-29-2014-12

On Monday, the Dallas Fed's latest manufacturing survey showed that activity in Texas was slowing down.
1 posted on 12/30/2014 5:36:50 AM PST by thackney
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To: thackney
Texas Is Freaking Out About The Oil Crash

Why??? It seems to me that anyone with a lick of common sense and basic knowledge of history should know that booms and busts are an inescapable part of the landscape in the oil industry. I'm amazed that so many didn't see the likelihood of the current situation, and prepare accordingly.
2 posted on 12/30/2014 5:42:27 AM PST by rottndog ('Live Free Or Die' Ain't just words on a bumber sticker...or a tagline.)
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To: thackney

Cheap energy MUST be the ultimate best thing for the American economy


3 posted on 12/30/2014 5:44:59 AM PST by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: thackney

In other words, all the wealthy are worried about their oil well dividend / royalty checks, petro based stock portfolios, and revenues while the rest of the nation is actually using the money that they would usually use for gas to pay for groceries that have gone way up during King Obama’s reign of terror...


4 posted on 12/30/2014 5:45:41 AM PST by jsanders2001
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To: thackney

I think what this really proves is that the oil industry was manipulated all along to create higher prices artificially. People should really be pissed that the MSM and the industry is tying to manipulate the price upward agin because we know damn full well they will take the new price to a whole other level than before so they can bring it back down to a Lelia that is where it was last year. This is how they work because the higher prices on’t effect the wealthy; only pople living on shoe string budgets like us.


7 posted on 12/30/2014 5:51:06 AM PST by jsanders2001
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