I feel like $2.25-3.00 is a healthy medium for both consumer and producer. I now feel guilty filling up my tank at todays prices, cause I know people are losing their jobs.
lol i find it so funny when people either know they are a douchebag and are totally fine with it, or have no idea how much of a douchebag they come off as.
I feel the same why. I live extremely close to work so it is easy for me to say that. As much as I like cheap gas, a bunch of home foreclosures is bad for everyone at the end of the day.
I wonder if people here ever felt that bad when digital media turned newspapers, video stores, brick and mortar stores, music stores inside down. Probably not because well, you didn't care. Now that it's Houston feeling the pain folks feel bad. Outside of the O&G states this is a great thing for our economy.
^Apples to oranges. The O&G industry was a leading catalyst of getting out of the recession. Crazy job creation. Texas and United States owe a lot to the industry. It sure did help Obama too.
O&G people act like the world revolves around them. Sucks that people are losing their jobs, but that's a volatile industry to begin with.
Cheap gas is nice. No one really makes driving decisions based off of the cost of gas. With anything else the price is always relevant. This basically saves me about $20/month.
this, cheap energy is the best thing for the economy it makes everything else we buy cheaper it hurts our petro-state enemies (Putin, Iran, Venezuela)
Did you feel bad when kids were leaving high school and working the fields making nearly 6 digits while you were paying $3.75 a gallon? When fuel goes up, the price for everything goes up. This hurts the lower income the most. OG is a very volatile field. There are many who go in and nearly make a million dollars during a boom like last. Most them squander it away on new toys.
When it was too high, airlines were increasing prices....things like cruises had surplus fuel charges. Filling up my truck now costs ~$34.....2-3 years ago it was $90.
It also exposes do nothing Governors who try to use the oil industry's profits for their political gain (I'm looking at you Rick Perry). You actually have to do something when you do have all that money rolling in. All that "drill baby, drill" talk has unintended results. Sounds good in practice, but came back to bite a certain party in the ASS.
