I tried to tell you all how much it effects our economy and people just wanted to save their $20 at the pump. Be careful what you wish for.

Consumer spending is the biggest driver of our economy. The money saved at the pump blows away the lay offs (which aren't even isolated to the US).

And donger weeps.

HOUSTON — Oil field equipment maker National Oilwell Varco will cut 110 jobs in North Texas as it closes a fiber-glass system facility in Mineral Wells through the end of the year, state regulators said Monday.

The Houston company told the Texas Workforce Commission that the closing of its Mineral Wells facility, about 50 miles west of Fort Worth, will be complete in December, and an initial round of layoffs will take place in early October.

“Due to economic reasons, NOV was not able to provide as much advance notice to some affected employees as it would have liked,” the company said in a letter to the TWC. “NOV will make those employees whole by providing additional pay and benefits.”

National Oilwell Varco had told Texas regulators more than a week ago that it would close a facility in Willis, Texas, over the next few months, laying off 150 workers starting in mid-August. The firm had 63,600 employees at the end of last year.

More broadly, oil-industry recruiter Swift Worldwide Resources says the ongoing oil market crash has claimed 176,100 jobs since it began last year.



I think that's enough articles to prove my point.

I'll take low oil prices over that unemployment blip any day.

:facepalm:

Not at all. I thought that you little people would like to see the gift that has been given to you this Labor Day.

How many millions of jobs were lost while oil continued to sky rocket? :shrug:

If you can't grasp people having jobs is more important than saving $10 at the pumps, this discussion is going nowhere. I prefer to put out effort for someone who has a semblance of how things work.

Two wrongs don't make a right and your question is a what if? Show some hard numbers and I'll gladly discuss the virtues of Americans being gainfully employed versus being unemployed. That's common sense.

Maybe you should ask the oil billionares that to save jobs only have 3.2b in progits instead of 3.198b in profits. You are blaming the wrong people.

I'm not blaming a soul. My contention is when crude prices tank, there's a correlation to many people losing their jobs and that people saving a few bucks isn't a big enough offset to people being unemployed.

As others have mentioned in this thread, when I save at the pump I have more to spend on other things. This spreads the money across more sectors of the economy and provides additional jobs in those sectors. Oil is not operating in a vacuum here.

I understand that, but be for real. Do you really think people saving a $500 a year even comes close to a person losing a $50,000 a year job. Seriously, man.