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Originally posted by bphillips View PostI hate to have to say it but I agree with you on this and I actually think it will force them to trim the fat. As long as that's all they have to do many will keep working and at the worst take a little pay cut.
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Originally posted by Bily Lovec View PostLOL.... keep um coming...
On the other hand, sharp increases in oil prices are very much associated with causing recessions.
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This article pretty much sums up what I think is going to happen ( as I stated in, I believe, the other oil thread ). I think this downturn will make us stronger and more efficient, which is better for our industry long term. The Saudis are underestimating us. Now all we have to do is keep our own govt from screwing something up....
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Originally posted by RiverRat1 View PostBut this thread isn't about oil going from 120 to 75 so oil companies stay in business and trim fat. It's about oil going from 120 to 30 and the boom going bye-bye.
Then the boom started.
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Originally posted by JMalin View PostFalling prices are exactly what we need in order to fuel real economic growth.Originally posted by JMalin View PostIs there no other place where the billions and billions of dollars of capital tied up in producing oil could be put to better use?Originally posted by JMalin View PostYou bet your *** I believe it. There are some major structural imbalances that the Fed's easy money policies along with Bush/Obama Keynesian stimulus have only masked.Originally posted by JMalin View PostIt's not just what workers are being paid to sit around doing not much of anything. I've seen what we bill for the chemicals used on these jobs and know what they cost us. I don't know how we got any work charging what we did. It's like the whole frac service side is in cahoots. Wireline is a different story. It's cut throat out here.
Some liberal college professor has done work on you son!!!
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Originally posted by miket View Posthttp://www.telegraph.co.uk/finance/o...e-crashes.html
This article pretty much sums up what I think is going to happen ( as I stated in, I believe, the other oil thread ). I think this downturn will make us stronger and more efficient, which is better for our industry long term. The Saudis are underestimating us. Now all we have to do is keep our own govt from screwing something up....
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Originally posted by ladrones View Post
Someone correct me if I'm wrong...
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Originally posted by miket View Posthttp://www.telegraph.co.uk/finance/o...e-crashes.html
This article pretty much sums up what I think is going to happen ( as I stated in, I believe, the other oil thread ). I think this downturn will make us stronger and more efficient, which is better for our industry long term. The Saudis are underestimating us. Now all we have to do is keep our own govt from screwing something up....
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Let me try to explain this in layman's terms.
See we get all this money infused into Texas and other oil producing states. A lot of that money comes front them eco freaks in California and them yankees up east when they gas up the prius. The more money we can suck out of them suckers the better it is for our local economy. Kinda like a democrat with their redistribution of wealth. Mineral owners and oil companies spend money like drunken sailors on leave. We take their money and redistribute it to everybody down here. Like it or not oil makes Texas turn. If you don't benefit from higher oil prices blame yourself.
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