[singfreedom]

I think, in a large part, our oil companies are victims of their own success. They're damned if they "do" and damned if they "don't".

I vividly remember, during the seventies, when gas prices "skyrocketed" and it even became unavailable. While I was taking the shuttle from my business to the parking lot, I couldn't avoid hearing a woman loudly castigating the entire oil industry, from top to bottom, wishing them naught but ill. Keep in mind, this was in Oklahoma pre-1980, oil was king---it made our whole state go. Only a few years later, the industry crashed.

Everyone was hurting, masses lost their jobs, whole cities went broke, it was awful. I have often wondered if that woman remembered her irresponsible remarks and/or if she, herself, suffered along with everyone else in the state. I post this parable as a cautionary tale: Be careful what you wish for, because you just might get it.

[backhoe]

I vividly remember, during the seventies, when gas prices "skyrocketed" and it even became unavailable. While I was taking the shuttle from my business to the parking lot, I couldn't avoid hearing a woman loudly castigating the entire oil industry, from top to bottom, wishing them naught but ill. Keep in mind, this was in Oklahoma pre-1980, oil was king---it made our whole state go. Only a few years later, the industry crashed. Everyone was hurting, masses lost their jobs, whole cities went broke, it was awful. I have often wondered if that woman remembered her irresponsible remarks and/or if she, herself, suffered along with everyone else in the state. I post this parable as a cautionary tale: Be careful what you wish for, because you just might get it.

You're right, of course- and I remember that period very well:

and I also recall that just a few years ago, oil dropped below $10 a barrel- wells were being capped, weaker companies were going out of business, and nary a peep from Congress or the Drive-By Media in sympathy.

[Jackie]

Keep in mind, this was in Oklahoma pre-1980, oil was king---it made our whole state go. Only a few years later, the industry crashed. Everyone was hurting, masses lost their jobs, whole cities went broke, it was awful.

The boom and bust was the result of this country's out-of-control drilling when oil prices rose and OPEC's strategic raising of its production causing oil prices to fall.
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