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re: Who else is loving these gas prices?
Posted on 10/19/14 at 2:44 pm to Duke
Posted on 10/19/14 at 2:44 pm to Duke
Stock prices which is of course flawed but if you don't think that this is hurting oil companies you're full of shite.
Now whether or not you should care that it's hurting oil companies is a different issue. I'm not saying that we should, I'm just saying that it is hurting them and we'll see it when they release their numbers.
Now whether or not you should care that it's hurting oil companies is a different issue. I'm not saying that we should, I'm just saying that it is hurting them and we'll see it when they release their numbers.
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Posted on 10/19/14 at 2:48 pm to KSGamecock
It's squeezing their margins and an incentive to stop expanding production so much. I don't think the oil companies like it.
This is all about fricking Iran and slowing down US/Canada production mostly through fracking. At least we aren't in places that don't use the dollar. It's getting more expensive for the vulnerable Chinese and Eurozone economies. My worry is another global dip that undercuts our slow but decent recovery.
This is all about fricking Iran and slowing down US/Canada production mostly through fracking. At least we aren't in places that don't use the dollar. It's getting more expensive for the vulnerable Chinese and Eurozone economies. My worry is another global dip that undercuts our slow but decent recovery.
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