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To: Smokin' Joe
Either (1) you want the government to guarantee a floor for oil prices, or (2) you do not.

If the latter, you're just venting, like anyone else whose business is at a low point of the cycle, and that's understandable - I won't argue with you.

If the former, we have a serious disagreement, and I would contend you are in need of some basic economics education.

33 posted on 01/07/2015 6:28:08 AM PST by Eric Pode of Croydon
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To: Eric Pode of Croydon
False Dichotomy, sorry. I won't play.

I just want people to realize 1: that aside from the government expansion, the sector which has kept the economy alive is the energy sector, specifically oil and gas, unlike the renewable sources of diverted 'green'.

Second, I'd like people to stop and think about just how far that money goes. People I know have saved their homes working in the oil patch, there have been fleets of vehicles purchased, phones, computers, building components (windows, doors), steel buildings, rebar, concrete, clothing (you have to wear NFPA 2112 clothes where I work, by far the most expensive jeans and shirts I have ever owned for daily wear. The list goes on and on of industries which had a positive impact from the oil boom, whether those industries make tires, wires, soap, rope, or pipe dope. That positive impact has been felt far and wide, and the negative impact will be, too.

As for the rest of the economy, name a (domestic) manufacturing sector which has grown that did so independently of oil development.

43 posted on 01/07/2015 8:38:08 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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