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Donger 01-12-2016 10:40 AM
Quote:
Originally Posted by BigMeatballDave (Post 12020983)
I love low gas prices as much as anyone, but not to the point where people are losing jobs because of it.
I agree with you, but I think we are the minority.

KC native 01-12-2016 11:33 AM
Quote:
Originally Posted by BigMeatballDave (Post 12020983)
Yeah, a buddy of mine lives in Weatherford, Texas. Drives for an oil company. Doesn't deliver crude, but he pulls water from wells. He was laid off last summer.

I love low gas prices as much as anyone, but not to the point where people are losing jobs because of it.
Those jobs will come back quickly once the price rises again.

My friend who is in oilfield equipment sales/leasing was laid off last week. I was surprised he made it as long as he did.

KC native 01-12-2016 11:34 AM
Quote:
Originally Posted by Donger (Post 12020997)
I agree with you, but I think we are the minority.
And you have a fetish for high oil prices.

$30.15 for WTI on factset right now. ROFL

Donger 01-12-2016 12:18 PM
Quote:
Originally Posted by KC native (Post 12021105)
And you have a fetish for high oil prices.

$30.15 for WTI on factset right now. ROFL
No I don't.

scho63 01-12-2016 12:26 PM
I think $20-25 is the bottom and even if it isn't, I will buy the hell out of oil stocks both personally and energy mutual funds in my 401K.

BigMeatballDave 01-12-2016 01:57 PM
Quote:
Originally Posted by eDave (Post 12019683)
My area has been stagnant for some time now.
:)
Sometimes you just gotta take matters into your own hands...

Donger 01-12-2016 01:59 PM
Quote:
Originally Posted by eDave (Post 12019683)
My area has been stagnant for some time now.
I presume you mean with regard to gasoline prices?

If so, the price of crude has been stagnant as well, until a few days ago.

Hog's Gone Fishin 01-12-2016 02:04 PM
Quote:
Originally Posted by scho63 (Post 12021249)
I think $20-25 is the bottom and even if it isn't, I will buy the hell out of oil stocks both personally and energy mutual funds in my 401K.
This morning on the news they were saying it could get down to $10. Thinking about the same thing myself. When Trump becomes Prez and nukes Iran and then pisses off the rest of the ME we could see $150 oil.

Donger 01-12-2016 02:32 PM
Briefly touched $29.93

scho63 01-12-2016 04:33 PM
Quote:
Originally Posted by Donger (Post 12021500)
Briefly touched $29.93
There still doesn't seem to be a complete capitulation or panic that would signal we are near a bottom. It's just a slow eroding of value.

KC native 01-12-2016 04:34 PM
Quote:
Originally Posted by Donger (Post 12021500)
Briefly touched $29.93
How long did you cry when that happened?

Donger 01-12-2016 04:36 PM
Quote:
Originally Posted by scho63 (Post 12021777)
There still doesn't seem to be a complete capitulation or panic that would signal we are near a bottom. It's just a slow eroding of value.
I certainly don't see $10.00. And I have trouble seeing $20.00. Maybe $25.00

Donger 01-12-2016 04:37 PM
Quote:
Originally Posted by KC native (Post 12021784)
How long did you cry when that happened?
0.00 seconds.

KC native 01-12-2016 04:38 PM
Quote:
Originally Posted by Donger (Post 12021792)
0.00 seconds.
I don't believe that.

I bet it was close to 3 minutes.

Donger 01-12-2016 04:41 PM
Quote:
Originally Posted by KC native (Post 12021795)
I don't believe that.

I bet it was close to 3 minutes.
I fail to see why you think I'd be upset about crude being low.


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