First I thought you were just being a smart azz, now it’s obvious your just ignorant. It’s not inexpensive if your unemployed! You do realize there’s 39 oil producing states? You do realize that millions are employed directly in exploration, drilling, production and all of the support services needed? You do realize that billions of dollars based on the price of oil is taken in severance taxes to the states? Hundreds of billions of dollars pour into towns all across the US from the local oil business? You do realize that states will end up raising taxes to offset revenue loss from severance taxes? I’m trying to be nice here I don’t really know why, you don’t deserve it. Been in the oil and gas business for 45 years, been through multiple ups and downs. I’ve seen fortunes won and lost, I’ve seen schools close down, I’ve seen towns lose 50 percent of their populations and people lose everything. Then I see people like you who haven’t a clue as to how many people are involved in putting that gallon of fuel in your tank. You don’t give a chit where it comes from or the millions of lives dependent, just whine like a baby when 7-11 raises the price at the pump a nickle. Oh and by the way, I’m here in the middle of the Permian Basin we raise cattle not goats. See I’m even involved in feeding your ignorant azz!
The oil price drop is only going to shake out the weak players in the market. Oil will still continue to be produced because even when banks seize assets they need to make money off of those assets. People still need electricity, still need oil, and they will always need plastics and chemicals. Quit freaking out.