[E. Pluribus Unum]

Texas is used to oil cycles. North Dakota isn’t.

[Texas Eagle]

Obviously the answer to the problem is for us to use more oil.

[Texas Eagle]

A Mexican restaurant has started a Sunday brunch to expand its revenues beyond dinner. A Mercedes dealer, anticipating reduced demand, is prepared to emphasize repairs and sales of used cars. And some well-off oil company managers are cutting back at home, rethinking their vacation plans and cutting the hours of their housemaids and gardeners.

O, the hugh manatee!

[Cletus.D.Yokel]

:: And some well-off oil company managers are cutting back at home, rethinking their vacation plans and cutting the hours of their housemaids and gardeners. ::

Egads, thackney...the NYTimes can’t let go of the “perceived excesses” of the Rockefeller legacy!

Maybe I need to retire back in yankee-land?

[Irishguy]

of course this is why the saudis are doing it. the goal is the destroy fracking etc....when thats done they will boost the price again.

[Darteaus94025]

The concept of the business cycle has been known for several millennia:
Genesis 41:29-30, “There will come seven years of great plenty throughout all the land of Egypt,after them there will arise seven years of famine, and all the plenty will be forgotton in Egypt.”

[eartick]

the oil business is cyclic and good companies know this.

This was not cyclic this was straight down.

I hope they were holding on too their britches

May be some cheap equipment on the market come March if prices stay low.

February bond markets should be interesting as well if the oil stays below 50. Stockmarket better hang onto it’s britches

[South Dakota]

On the Bakken the word I hear is less drilling, more tracking. They are going to refrac the how’s they all ready have

[razorback-bert]

It is interesting to drive around Midland today, frenzied work on houses and apartments has stopped. First month free signs have appeared on brand new apartments, hiring signs have been taken down. My business is down, but that is normal for the first of the year.