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Aw, they’re just hiring employees so they can “exploit” them.
And if you really want to downshift into abjectly ignorant Hollywood/Leftist/journalist mode, you can work “greed”, hate” and “windfall profits” in there somewhere too.
And that is why oil above $100.00 is a good thing.
I will never forget the collapse of domestic petroleum production in the mid-1980s. Hundreds of thousands laid off, many hundreds of rigs sitting in the weeds, was disheartening.
OPEC got scared out of their wits by increasing domestic production and the threat of the giant oil shale project underway in Colorado. So they dropped the price of oil down to around $9.00 a bbl, drowning US producers with cheap oil imports.
But hey, John Q public at large was estatic, cheap gasoline and happy days were here again, With not so much as a whimper about the massive oil patch layoffs and the demise of domestic production.
Working for a major, I was one of the lucky ones, but for the service industry and contractors, it was an absolute disaster. I hung in until finallly recognizing the downsizing would not abate, and took early retirement in 1991.