Skip to comments.
Cheap oil is killing Oklahoma’s economy
Red Dirt Report ^
| January 23, 2016
| Brian Woodward
Posted on 01/23/2016 12:59:38 PM PST by shepardspie33
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-35 next last
To: shepardspie33
I bet long haul truckers are happy.
2
posted on
01/23/2016 1:02:13 PM PST
by
Slyfox
(Ted Cruz does not need the presidency - the presidency needs Ted Cruz)
To: shepardspie33
At $1.29 per gallon, my only regret is that I can only drive one car at a time.
To: shepardspie33
Just another Obama conspiracy to destroy the fossil fuel industries!
4
posted on
01/23/2016 1:04:40 PM PST
by
sonofagun
(Some think my cynicism grows with age. I like to think of it as wisdom!)
To: Slyfox
And everyone else driving on the road...
5
posted on
01/23/2016 1:06:37 PM PST
by
Redbob
(#BlackCoffeeMatters)
To: shepardspie33
You know those “fuel surcharges” on everything you ship?
They’re still there...
6
posted on
01/23/2016 1:07:23 PM PST
by
Redbob
(#BlackCoffeeMatters)
To: shepardspie33
One of life’s lesson is do not spend more than you make. Part of that is do not assume what you are making today will continue.
There are many stories of lottery winners that go crazy with all money they won. They do not think of the future. Governments are not immune to this.
When times are good, they spend like there is no tomorrow, but when tomorrow shows up with bad news, they are not prepared.
I hope Oklahoma can adjust to the “new reality”.
7
posted on
01/23/2016 1:08:06 PM PST
by
CIB-173RDABN
(I think it would be ironic if Hillary was arrested the day after she secures the nomination.)
To: shepardspie33
"Even if prices rise to $50 a barrel, many shale producers are not able to break-even at such price points."Then maybe they need to get into another line of work.
8
posted on
01/23/2016 1:08:25 PM PST
by
Redbob
(#BlackCoffeeMatters)
To: shepardspie33
I think I will just leave my car running 24/7 just to do my part.
9
posted on
01/23/2016 1:09:20 PM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: shepardspie33
It is effecting PA, WV, OH, ND TX and any state that was doing well in oil, methane or wet gasses. The job loss starting to grow out of this is staggering.
10
posted on
01/23/2016 1:09:38 PM PST
by
IC Ken
To: nascarnation
It is a certainty that the price is going to reach record highs a year or two down the road, not because of any conspiracy or price-fixing, but because so many wells are going to be shut down because it is costing more to produce than they can sell it for.
11
posted on
01/23/2016 1:09:54 PM PST
by
E. Pluribus Unum
("The goal of socialism is communism." -- Vladimir Lenin)
To: Redbob
re>Even if prices rise to $50 a barrel
I have ownership in 3 wells. Our break even is $ 43.00 a barrel.
12
posted on
01/23/2016 1:11:02 PM PST
by
IC Ken
To: Redbob
Right. They were making lots of money on the backs of us.
Cheap oil is not killing me when I visit my kin in TN, NC, AZ, MI and CA.
In fact, I take more trips when the oil is cheap.
I feel sorry for those who are hurting, but we have been hurting for way too long.
13
posted on
01/23/2016 1:11:20 PM PST
by
Slyfox
(Ted Cruz does not need the presidency - the presidency needs Ted Cruz)
To: E. Pluribus Unum
It is a certainty If you truly believe that, I'd suggest putting every dollar you can into oil futures.
Dec 2019s are trading at 44 bucks / bbl.
You can be the next John Paulson.
To: nascarnation
Same old cycle. What comes down must go up, and vice-versa.
15
posted on
01/23/2016 1:15:13 PM PST
by
E. Pluribus Unum
("The goal of socialism is communism." -- Vladimir Lenin)
To: nascarnation
Heck it’s so cheap, I might just start drinking the stuff.
16
posted on
01/23/2016 1:16:45 PM PST
by
dfwgator
To: E. Pluribus Unum
When you’re a billionaire, you can give me a high five on FR.
Good luck!
To: nascarnation
18
posted on
01/23/2016 1:19:06 PM PST
by
E. Pluribus Unum
("The goal of socialism is communism." -- Vladimir Lenin)
To: nascarnation
Not sure where you live and getting $1.29/gal, here @ 30 miles SW of Chicago I paid $1.51/gal today to fill up. Best price I've seen in at least 12 years, probably longer.
Was nice to fill up the 14 year old gas guzzling SUV for $22 today. Didn't think I'd EVER be able to fill up that low again.
19
posted on
01/23/2016 1:19:33 PM PST
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: Redbob
Wife said that exact same thing the other day.
20
posted on
01/23/2016 1:20:05 PM PST
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
Navigation: use the links below to view more comments.
first 1-20, 21-35 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson