...hurting OPEC is a NoNo.Americans who are invested in energy, have jobs, and paying Federal & state Income Taxes...are being badly hurt...try to enjoy a little less this cheap energy...the pendulum will swing back once American Energy's back is broken.
Screw that.
I doubt one single worker in the Bakken fields wasted one second worrying that I was paying $150 more a month to get to and do my job. My family got screwed and we go whining.
Show me one damned post sympathetic to us poor SOBS in California in any thread about how @#$@# great these high prices have been for the energy industry.
Hoping for $10 a barrel.
We should be thanking Saudi Arabia for doing what Obama won’t do in stopping Iran!
Saudi Arabia’s oil war against Iran and Russia
http://nypost.com/2014/12/14/saudi-arabias-oil-war-against-iran-and-russia-2/
I have family members who own oil, natural gas, and coal concerns. This won’t affect them much at all, because they have enough wealth to see them through.
I also have family who are on the other end of the stick - working in oil fields, refineries, and on oil rigs.
They know that the work they do is cyclical, and always have something to fall back on. Every boom has a bust. Always.
From top to bottom, energy is a cyclical endeavor. Those who fail to plan are bound to fail.
OPEC isn’t killing anything. The Bakken Fields will still be there when prices rise again. This isn’t the first downturn and it won’t be the last.
What is temporarily bad for some people is going to be good for others. I hope it spurs technology in the direction of getting energy out of the ground in better/cheaper ways.