I agree and their balance sheets have NEVER looked better. They are booking cash daily and have restructured their debt at all time lows. Heck Apple issued bonds instead of spending cash because of the way the taxes shook down.

Lower oil prices help more than hurt. Lower input cost, more expendable income, less hedge risk where we r etc. Oil companies will now have to do what the rest of the companies have done over the past 5 years. Become more efficient. It will happen it will just take some time

While I am looking forward to the savings (if fuel prices stay low this summer). In a way I kind of wish for it to get back up there. What I have found is as the price of fuel drops, there are more and more jack-a$$es out on the water. When fuel costs go up, a lot of the jack-A$$es disappear. Last few summers have been pretty calm out on our local waterways...... Last time gas was cheap, I don't think a weekend went by where some dumb a$$ didn't bounce off our boat while it was anchored at the beach or sandbar. Add to that all the young kids out on Jet Skis......

WAH............stay home then. (old people)

I'm no economist but stuff like this keeps me worried about the overall economy. Again I do work in the oilfield but not married to it. I can earn a good living doing other things as long as economy is strong.

http://www.globalresearch.ca/guess-w...e-this/5417215

Okay, I iguess ill buy a turbine and a go wall street pennant and enjoy the phuckin by that logic .I worked in the steel industry till it was gone, now aluminum...

I guess what I'm saying is if we're the winners we lose , but losing lets us win, I'm confused.

Has nothing to do with age...... I like a good party as much as the next guy. It Has to do with the trashy element buying and using their boats with virtually no experience or respect for others property. My velocity was hit by two jet skis while beached, also struck by a 24' four winns cabin cruiser also while beached. Then once while anchored had an idiot try pulling his anchor while a storm was coming in (I was still anchored) buy him and his friend both going up to the bow of their boat and pulling the anchor while he left his wife in the back seat. Never started the boat or even tried to motor up to the anchor (again a storm was moving in it was very windy.). Needless to say his boat came at the bow of mine sideways and my bow actually ended up going right thru the side of his hull. Again all of these incidents happened while my boat was either beached or anchored. Then we have the idiots on jet skis who feel it necessary to rip right out infront of us. I boat on the Detroit River, and it would seem we have a large concentration of idiots per watercraft...

Not to mention the same trashy element seems to destroy our beaches by littering and breaking bottles everywhere. When gas prices were up, there were a whole lot less fools on the water and the beaches (we have a few small islands) were in a whole lot better shape.

I don't buy that logic. That recession was preceded by a massive run up in the price of oil.

I'll be a lot more worried about the economy when the price of oil quadruples.

Kaboom! DJ is long overdue for a massive correction.

It will never happen.

The US and Canada are geared up to produce and hungry to do it these days, Between the glut in supply from the Saudis the U.S. and Canada we will not see high prices like we have had in the past for another 20 years.

Keep the PHUKIN speculators out of the game and have a real Free Trade market value established for oil and we will all have a stable economy.


And Phuck all those banks that bought the junk bonds. Let them die, there is too many banks out there as it is.