I keep seeing stories about this, that, or whatever is affecting the recovery.
I always think to myself. “What recovery?”
The list, Ping
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Absolutely true, What recovery? The oilfield is good because there is no other place to speak of to invest money. Investment is pouring in but this too will soon pass. Natural gas prices are plummenting and that drilling will soon end. It is not economic at sub $2.00 per thousand cubic feet. Burner tip suppliers are getting rich right now. Money flows from one high to another hole as it is now.
I know people in my home county are hitting it terribly hard. Our renter is moving from 6 miles out of town to town and a much less comfortable house all because of gasoline prices she says. I’ll try to reduce the rent to keep them but it is hitting us all.
WE ARE GOING DOWN AT AN ACCELERATING RATE IF YOU ASK ME.