Every business uses fuel directly or indirectly, and decreased prices puts money in their pockets, when prices jumped they put fuel surcharges on, then eventually just raised prices, so we got hit twice.

Buck I agree with the gas price being down is a good thing. It's the reason it's down and the potential effect on the stock market that can adversely affect the rest of the economy. A lot of big banks are tied into a lot of the financing. When these major oil companies start defaulting on loans of enormous amounts of money what do you think banks reactions will be? I'm hoping none of it plays out this way. Chit the oilfield could shut down tomorrow and I can still go earn a living as long as the rest of the economy is good. I'm not a one trick pony. I had a trade job before I was a captain. Can easily get back into that if need be.

However I would love to just get and keep the oil price at $90-$100 and love beyond comfy doing what I do.

I understand you're point, and the industry has a dirth of well paying jobs , neighbors son actually working on a boat mapping ocean floor from your port.
but... when they have been posting record profits quarter after quarter I just don't see them folding up any time soon, although some support jobs could be impacted negatively and that does hurt.

Exactly what I was thinking.

the stock market is at an all time high partially because of lower fuel prices.

Sadly for me in Thailand good gas for my Verados (at marina prices) is about 1.60 USD per LITRE!! Multiply by about 4 and you're looking at $6.40 per gallon.
Not many high powered gassers over here and I know why.......

RR

[QUOTE=mike tkach;4242727]i don,t hate a person for wanting to protect their livleyhood.how come we as american,s will keep buying all this junk from china,because it is cheep QUOTE]

Am friend of mine works in the oil business out of western Canada. He spends most of his time in China buying oilfield related equipment.

Yeah better get them fuel prices back up before these guys go out of business. If it drops to $150, 000/minute profit they might have to apply for food stamps!
How about us little people get a break for once??
I have 4 trucks I have to feed with fuel, the lower prices help quite a bit

Fracking only works in the Americas right now. Our rock/dirt formations are structured like a layer cake. Theirs is not. Fracking is becoming more and more cheap by the day. We r profitable at these levels, they aren't. Russia needs 90 + to be profistable. Saudis much less. Saudis aren't really hurting right now but margins have been squeezed. Guess they will have to cut down on building islands out of sand in Dubai.

[QUOTE=Interceptor;4243088]Those jobs and equipment are coming back over here as we speak. China has got some real issues. Currently they purchase more adult diapers than baby diapers. The world has taken note to their disregard to patent law and terrible labor force. It's just a matter of time in my opinion unless they make some real changes. Communism can and never will work in conjunction with democracy. They lose every time. Look at Russia, they fukt.